/raid1/www/Hosts/bankrupt/TCR_Public/180924.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, September 24, 2018, Vol. 22, No. 266

                            Headlines

19007 SW: Taps Adam I. Skolnik as Legal Counsel
5437 S. WABASH: Unsecureds to Get 100% from Sale Proceeds
ABA HOLDING: Oct. 10 Hearing on Disclosures, Plan Approval
ACADEMY SPORTS: Bank Debt Trades at 19% Off
ACHILLES ACQUISITION: Moody's Assigns B3 CFR, Outlook Stable

ADVANCED MICRO: S&P Raises ICR to B+ & Alters Outlook to Positive
AFP HOLDING: Plan Outline Okayed, Plan Hearing on Oct. 3
AIR METHODS: Bank Debt Trades at 9% Off
ALKHAIRY HOSPITALITY: Taps Boyer & Boyer as Legal Counsel
ALLIANCE HEALTHCARE: S&P Alters Oulook to Neg. on Weak Performance

ALLIANCE SECURITY: Seeks Approval of Third Cash Collateral Budget
ALMAR SALES: Court Approves Disclosures, Confirms Plan
ALPHA ADVENTURE: Taps Mitchell Law Firm as Legal Counsel
ALTA MESA: S&P Alters Outlook to Negative & Affirms 'B' ICR
ALTERNATIVE WELL: Taps Fishman Haygood as Expert Witness

AMC ENTERTAINMENT: Fitch Affirms 'B' IDR Amid $600MM Investment
AMERICAN AXLE: Egan-Jones Hikes FC Senior Unsecured Rating to BB
AMERICAN FORKLIFT: CIT Bank Prohibits Further Cash Collateral Use
AMERICAN MIDSTREAM: S&P Lowers Sr. Unsec. Notes Rating to 'B'
AMERICAN TIRE: Bank Debt Trades at 14% Off

ARALEZ PHARMACEUTICALS: Committee Taps Dundon as Financial Advisor
B VALDEZ CONSTRUCTION: Sept. 28 Plan Confirmation Hearing Set
B&G FOODS: Egan-Jones Lowers Senior Unsecured Ratings to B
BAILEY FOUR: U.S. Trustee Unable to Appoint Committee
BELK INC: Bank Debt Trades at 14% Off

BLUE GOLD EQUITIES: Taps Omni Management as Claims Agent
BLUEFIELD WOMEN'S: Taps Williams Law Office as Legal Counsel
BOSTON LANGUAGE INSTITUTE: May Use Cash Collateral Until Oct. 16
BRAVE PARENT: S&P Affirms B- Issuer Credit Rating, Outlook Stable
BRIGGS & STRATTON: Egan-Jones Lowers Sr. Unsecured Ratings to BB

BROOKINS TRACTOR: Taps Zalkin Revell as Legal Counsel
CAJ SOUTHWAY: Has OK on Interim Cash Collateral Use Until Oct. 16
CANDLE CONNECTION: Unsecureds to Get 100% at 6% Over 16 Months
CENTURION PIPELINE: Moody's Gives Ba3 CFR & Rates $450MM Loans Ba3
CM RESORT: Taps Pronske Goolsby & Kathman as Bankruptcy Counsel

CMS ENERGY: Fitch Rates Jr. Subordinated Notes Due 2078 'BB+'
COLONIAL OAKS: Taps Motschenbacher & Blattner as Bankruptcy Counsel
CONDO 64: Oct. 2 Plan Confirmation Hearing
CONFLUENCE ENERGY: Gets Nod on $123K Funds, Cash Collateral Use
CYTORI THERAPEUTICS: Inks $5M Stock Purchase Deal with Lincoln Park

CYTORI THERAPEUTICS: Registers Resale of 3.7M Common Shares
DAVID'S BRIDAL: Bank Debt Trades at 11% Off
DEX LIQUIDATING: Plan Outline Okayed, Plan Hearing on Nov. 8
DIEBOLD INC: Bank Debt Trades at 15% Off
DIEBOLD NIXDORF: Egan-Jones Lowers Senior Unsecured Ratings to B

DORIAN LPG: Continues to Evaluate BW's Proposal
ECS REFINING: Trustee Seeks Okay on 8th Cash Collateral Use
ENPRO INDUSTRIES: S&P Raises ICR to 'BB', Outlook Stable
ENVISION HEALTHCARE: S&P Cuts ICR to B+ & Rates New $550MM Debt BB
EPIC RETAIL: Taps Lennox Law as Special Litigation Counsel

EPIC RETAIL: Taps Stichter Riedel as Legal Counsel
EQUINOX HOLDINGS: Moody's Affirms 'B2' CFR, Outlook Stable
FAITH FAMILY: S&P Alters Outlook to Stable on Weakened Liquidity
FERNLEY & FERNLEY: Taps McDowell Law as Counsel
FRANK THEATRES: Case Summary & 20 Largest Unsecured Creditors

FREEPORT-MCMORAN INC: S&P Raises ICR to 'BB', Outlook Stable
FROM DUSK TIL DAWN: Taps Mark Gertner PC as Attorney
GB SCIENCES: Ksenia Griswold Gets Additional Role of COO
GB SCIENCES: Registers 65 Million Common Shares with the SEC
GULF FINANCE: Bank Debt Trades at 17% Off

HARLAND CLARKE: Bank Debt Trades at 6% Off
HAUSER ESTATE: Trustee Taps John P. Neblett as Attorney
HELIX GEN: Bank Debt Trades at 5% Off
HOOK LINE: Carl Brady Leaves Creditor's Committee
HOPEWELL PROMOTIONS: Oct. 22 Disclosure Statement Hearing

HUSKY INJECTION: Bank Debt Trades at 5% Off
IMPERIAL METALS: Moody's Cuts CFR to Caa3, Outlook Remains Negative
J CREW GROUP: Secures $25M Additional Financing from MUFG Union
JAMES B MORRIS FARMS: Case Summary & 20 Top Unsecured Creditors
JB3 GROUP: Case Summary & Unsecured Creditor

JC PENNEY: Bank Debt Trades at 8% Off
JEP REALTY: Case Summary & Unsecured Creditor
JOHN T. LESLIE: U.S. Trustee Unable to Appoint Committee
KENMETAL LLC: Case Summary & 20 Largest Unsecured Creditors
KEY AUTOMOTIVE: Taps Thompson Law Group as Legal Counsel

KING'S MOUNTAIN: Voluntary Chapter 11 Case Summary
KIRK'S FRAMING: Taps Adam Law Group as Legal Counsel
LANDS' END: Bank Debt Trades at 3% Off
LANNETT CO: Bank Debt Trades at 17% Off
LDE HOLDINGS: Hires Derbes Law Firm, LLC as Counsel

LEGACY RESERVES: Amends Loan Agreements to Allow Notes Redemption
LEGACY RESERVES: Completes Corporate Reorganization
LEGACY RESERVES: Equity Securities Delisted from Nasdaq
LEGACY RESERVES: S&P Cuts Issuer Credit Rating to CC, Outlook Neg.
LEHMAN BROTHERS: Winding Down LBI on Final Phase of Completion

LIONS GATE: Egan-Jones Lowers Senior Unsecured Ratings to BB-
LUBY'S INC: Obtains a Waiver of Default Under its Credit Agreement
MASSA'S RESTAURANT: U.S. Trustee Unable to Appoint Committee
MCGRAW-HILL GLOBAL: Bank Debt Trades at 4% Off
MEMENTO MORI: Case Summary & 20 Largest Unsecured Creditors

MESOBLAST LIMITED: Tasly Gets All Approvals for Investment Deal
MESSER INDUSTRIES: Moody's Rates Sr. Secured Credit Facility 'B1'
MESSER INDUSTRIES: S&P Assigns 'BB-' ICR, Outlook Stable
MFL INC: Gets Final OK on Continued Cash Collateral Use
MIDICI GROUP: Case Summary & 9 Unsecured Creditors

MIDWAY OILFIELD: Taps Hoover Slovacek as Legal Counsel
MIP IV: Moody's Assigns 'B2' CFR & Rates New 1st lien Loans 'B2'
MOHEGAN TRIBAL: Bank Debt Trades at 4% Off
MONTREIGN OPERATING: S&P Lowers ICR to 'CCC', Outlook Negative
MOULTON PROPERTIES: Summit Bank Renews Bid to Prohibit Cash Use

NARVEEN SINGH: U.S. Trustee Forms Two-Member Committee
NEOVASC INC: Tiara & Reducer to be Featured at TCT 2018 Conference
NORTHERN OIL: Pivotal WIlliston Reports 6.1% Stake as of Sept. 17
NORTHERN OIL: Prices Offering of Senior Secured Second Lien Notes
NORTHERN OIL: Tailwater Capital Reports 7.9% Ownership Stake

NORTHERN POWER: Securities Will be Delisted from the TSX
OWENS & MINOR: Egan-Jones Lowers Senior Unsecured Ratings to BB
OXBRIDGE COINS: Case Summary & 8 Unsecured Creditors
PARADIGM TELECOM: U.S. Trustee Forms Three-Member Committee
PETERSBURG, VA: S&P Raises GO Bonds Rating to 'BB+', Outlook Pos.

PETSMART INC: Bank Debt Trades at 13% Off
PLAIN LEASING: Committee Taps Ko & Martin as Korean Translator
POLONIA DEVELOPMENT: Voluntary Chapter 11 Case Summary
POSTROCK ENERGY: C. Edwards Bid to Junk Trustee Clawback Suit OK'd
POSTROCK ENERGY: Ct. Dismisses Trustee Clawback Suit vs T. Edelman

POSTROCK ENERGY: Trustee's Clawback Suit vs J. McCormick Rejected
PRAGAT PURSHOTTAM: Authorized to Use Cash Collateral Until Sept. 28
PRECIPIO INC: Signs Debt Exchange Agreement with 3 Investors
PREFERRED PROVIDERS: Seeks Authority to Use Cash Collateral
PRINCESS POLLY: Amends Plan to Address Objections

PUERTO RICO: PRHS, 2 Others Resign from Committee
R.R. DONNELLEY: S&P Alters Outlook to Negative & Affirms 'B' ICR
REAGOR-DYKES MOTORS: Taps Elm Tree Advisors as Investment Banker
REVLON INC: Egan-Jones Lowers Senior Unsecured Ratings to CCC
RMR OPERATING: Red Mountain to End Ownership of 3 Operating Units

ROWAN COMPANIES: Egan-Jones Lowers Senior Unsecured Ratings to B+
RR DONNELLEY: Moody's Assigns B1 Rating to New $400MM Term Loan B
RUBY'S DINER: U.S. Trustee Forms 3-Member Committee
RYMAN HOSPITALITY: S&P Alters Outlook to Negative & Affirms B+ ICR
S&S SCREW: Discloses More Info on Avoidance Actions

SAMARITAN COMMUNITY: Judge Signs Fifth Cash Collateral Order
SANDY CREEK: Bank Debt Trades at 12% Off
SANGO POOL: Taps Lefkovitz & Lefkovitz as Legal Counsel
SEMGROUP CORP: S&P Affirms B+ Issuer Credit Rating, Outlook Stable
SENIOR NH: Case Summary & 20 Largest Unsecured Creditors

SERTA SIMMONS: Bank Debt Trades at 14% Off
SHARKNINJA PARENT: S&P Lowers ICR to 'B+', Outlook Stable
SOMS TECHNOLOGIES: Case Summary & 9 Unsecured Creditors
SPRING TREE: PIEC Plan to Pay Unsecureds from Net Cash Proceeds
STONEMOR PARTNERS: GP Approves Amendment to Incentive Plan

T CAT ENTERPRISE: Agreed 1st Interim Cash Collateral Order Entered
TRINITY PHYSICIANS: Taps Galewski Law Group as Legal Counsel
TWO STREETS: Taps Merck Team Realty as Real Estate Agent
UNIVAR INC: Moody's Puts 'B1' CFR on Review Amid Nexeo Deal
US RENAL: Bank Debt Trades at 3% Off

US SHIPPING: Bank Debt Trades at 5% Off
US SILICA: Egan-Jones Hikes FC Senior Unsecured Rating to BB+
VANS LAUNDROMATS: Seeks to Hire Bankruptcy Attorneys
VEE EXPRESS: Unsecured Creditors to Get 100% at 5% Interest
VEHICLE ALIGNMENT: Use of $148,900 Cash Collateral Approved

VEROBLUE FARMS: Case Summary & 20 Largest Unsecured Creditors
WEIGHT WATCHERS: Egan-Jones Hikes Senior Unsecured Ratings to B
WILSON MANIFOLDS: Case Summary & 20 Largest Unsecured Creditors
WOODBRIDGE GROUP: Selling Idared's Carbondale Property for $75K
WOODBRIDGE GROUP: Selling Moravian's Carbondale Property for $995K

WOODBRIDGE GROUP: Selling Mt. Holly's Carbondale Property for $155K
WOODBRIDGE GROUP: Selling Old Maitland's Aspen Property for $5.4M
WOODBRIDGE GROUP: Selling Three Carbondale Parcels for $238K
ZEKELMAN INDUSTRIES: S&P Affirms 'B+' ICR, Outlook Positive
[*] Mark That Calendar! Distressed Investing Conference on Nov. 26

[^] BOND PRICING: For the Week from September 17 to 21, 2018

                            *********

19007 SW: Taps Adam I. Skolnik as Legal Counsel
-----------------------------------------------
19007 SW 24th Ave., LLC, seeks approval from the U.S. Bankruptcy
Court for the Southern District of Florida to hire Adam I. Skolnik,
P.A. as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; represent the Debtor in negotiation with its
creditors; assist in the sale of its assets; prepare a bankruptcy
plan; and provide other legal services related to its Chapter 11
case.

Adam Skolnik, Esq., the attorney who will be handling the case,
charges an hourly fee of $400.  Legal assistants and paralegals
charge $125 per hour.

The firm received a retainer of $6,717, of which $1,717 was used to
pay the filing fee.

Mr. Skolnik disclosed in a court filing that he and his firm do not
represent any interest adverse to the Debtor and its estate.

The firm can be reached through:

     Adam I. Skolnik, Esq.
     Adam I. Skolnik, P.A.
     1761 West Hillsboro Boulevard, Suite 201
     Deerfield Beach, FL 33442
     Tel: 561.265.1120
     Fax: 561.265.1828
     Email: askolnik@skolniklawpa.com

                   About 19007 SW 24th Ave. LLC

19007 SW 24th Ave., LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-19805) on August 13,
2018.  At the time of the filing, the Debtor estimated assets of
less than $1 million and liabilities of less than $1 million.
Judge John K. Olson presides over the case.  The Debtor tapped Adam
I. Skolnik, P.A. as its legal counsel.


5437 S. WABASH: Unsecureds to Get 100% from Sale Proceeds
---------------------------------------------------------
5437 S. Wabash LLC filed a Chapter 11 plan and accompanying
disclosure statement proposing to pay holders of general unsecured
creditors 100% of their allowed amount.

Class 4-A General Unsecured Claims total $87.74.  Class 4-A claims
will be paid 100% of their allowed claims or any non-disputed
unsecured claim scheduled ($87.74) with no interest.  The Debtor
will satisfy this claim by paying the entire amount of the claim
upon the sale of its property, at the closing, subject to approval
by the Bankruptcy Court, unless another payment method is approved
by the Bankruptcy Court. This class is impaired.

A copy of the Disclosure Statement is available at
https://tinyurl.com/ybpof4sw from PacerMonitor.com at no charge.

                     About 5437 S. Wabash LLC

5437 S. Wabash LLC owns a real property, which is its principal
asset, located at 5437 S. Wabash, Chicago, Illinois.

5437 S. Wabash sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ill. Case No. 18-12476) on April 27, 2018.  In
the petition signed by Dylan Reeves, managing member, the Debtor
estimated assets of less than $1 million and liabilities of less
than $500,000.

Judge Janet S. Baer presides over the case.  The Debtor tapped
Benjamin Brand LLP as its legal counsel.



ABA HOLDING: Oct. 10 Hearing on Disclosures, Plan Approval
----------------------------------------------------------
Judge Carla E. Craig of the U.S. Bankruptcy Court for the Eastern
District of New York issued an order fixing A B A Holding LLC's
date of hearing of confirmation of its Chapter 11 plan and
disclosure statement for October 10, at 3:30 P.M.  October 3, is
fixed as the last date for filing written objections to the
confirmation of the Plan.

The Disclosure Statement provides the following classification and
treatment of claims:

   * Class I Claim: Secured Claims of HSBC, NYC and OATH.  The
Class I Claim consists of the Secured Claim of HSBC.  HSBC
maintains a mortgage on the Debtor's Property pursuant to a secured
note in the approximate amount of $1,200,000 (dependent upon
interest and disbursements made to the date of closing).  NYC is
owed Real Estate Taxes in the approximate amount of $527.24
(dependent upon interest and disbursements made to the date of
closing).  OATH is owed funds for violations that allegedly
occurred at the Property in the amount of $3,363.08.  In total, it
is estimated that Class I claims will not total more than
$1,230,000.  Class I claims shall be paid in full on the date of
the closing of the Proposed Sale.  The Class I Secured Claim is not
impaired and is not entitled to vote on the Plan.

   * Class II Claims: Allowed General Unsecured Claims.  Allowed
General Unsecured Claims will receive 100% of their allowed claims
to be paid in full at the closing of the Proposed Sale.  The Class
II Claims are not impaired and are not entitled to vote on the
Plan.

   * Class III Interests: Interest Holders.  Class III consists of
the interests of the Debtor's sole member, Arasb Shoughi.  The
interest holder will receive any funds that are left over after
Classes I, II and administrative claim holders are paid in full.
The Class III interest holder is not impaired and is not entitled
to vote on the Plan.

The Plan will be funded from the proposed sale of the Property
which will close before October 31, 2018.  The Plan contemplates
that the Debtor will close after the Plan is completed and a final
decree is entered by the Court.

A copy of the Disclosure Statement from PacerMonitor.com is
available at
https://tinyurl.com/yckvjtn5 at no charge.

                     About A B A Holding


A B A Holding LLC formed is a single-asset real estate entity.  The
Debtor owns a three- story, two-family residential property located
at 1615 Dorchester Road, Brooklyn, New York 11226.  The Debtor's
principal (without the advice of counsel) filed the instant case
under Chapter 7 (Bankr. E.D.N.Y., Case No. 18-40282) on January 18,
2018.  After filing the case, he realized that the case should have
been filed under Chapter 11 and brought a motion to convert the
case the Chapter 11 on the same day the case was filed.

The Debtor is represented by:

   John Lehr, Esq.
   1979 Marcus Avenue, Suite 210
   New Hyde Park, NY 11042   
   Tel: (516) 200-3523


ACADEMY SPORTS: Bank Debt Trades at 19% Off
-------------------------------------------
Participations in a syndicated loan under which Academy Sports &
Outdoors is a borrower traded in the secondary market at 80.64
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.80 percentage points from
the previous week. Academy Sports pays 400 basis points above LIBOR
to borrow under the $1.825 billion facility. The bank loan matures
on June 15, 2022. Moody's rates the loan 'B3' and Standard & Poor's
gave a 'CCC+' rating to the loan. The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday,
September 7.


ACHILLES ACQUISITION: Moody's Assigns B3 CFR, Outlook Stable
------------------------------------------------------------
Moody's Investors Service has assigned a B3 corporate family rating
and B3-PD probability of default rating to Achilles Acquisition
LLC, a holding company for Digital Insurance LLC, an insurance
broker that offers group employee benefits and related advisory
services to small and middle market companies. The rating agency
has also assigned B3 ratings to the senior secured credit
facilities being issued by OneDigital to refinance an existing
credit facility, fund near-term acquisitions, fund a dividend to
equity holders, and pay related fees and expenses. The rating
outlook for OneDigital is stable.

RATINGS RATIONALE

According to Moody's, OneDigital's ratings reflect its expertise in
employee benefits, healthy EBITDA margins, and solid organic
growth. OneDigital derives most of its revenue from a growing
national retail benefits business. The company serves its customers
with a proprietary technology platform, a national call center, and
locally based insurance professionals in markets across the
country. The company has a partnership with Zenefits, a company
with online marketing expertise and comprehensive and mobile HR
applications, that will continue to enhance OneDigital's organic
growth prospects.

OneDigital's strengths are offset by its modest size relative to
other rated insurance brokers and service companies, high financial
leverage, and the large number of small agencies acquired since its
inception in 2000. The company also has exposure to errors and
omissions in the delivery of professional services.

Following the refinancing, OneDigital's borrowing arrangement will
include an $80 million five-year revolving credit facility and $510
million in seven-year term loans ($460 million funded at closing,
$50 million available as a delayed draw). The rating agency
estimates that OneDigital will have a pro forma debt-to-EBITDA
ratio in the range of 6.5x -7x, (EBITDA -- capex) interest coverage
between 1.5 and 2x, and a free-cash-flow-to-debt ratio in the low
single digits. These pro forma metrics reflect Moody's adjustments
for operating leases, contingent earnout liabilities, run-rate
earnings from completed acquisitions, and certain non-recurring
costs and other items.

The following factors could lead to an upgrade of OneDigital's
ratings: (i) debt-to-EBITDA ratio declining below 5.5x, (ii)
(EBITDA - capex) coverage of interest consistently exceeding 2x,
(iii) free-cash-flow-to-debt ratio exceeding 5%, and (iv)
demonstrated ability to grow revenue and expand margins.

The following factors could lead to a downgrade of OneDigital's
ratings: (i) debt-to-EBITDA ratio consistently above 7x, (ii)
(EBITDA-capex) coverage of interest below 1.2x, or (iii)
free-cash-flow-to-debt ratio below 2%.

Moody's has assigned the following ratings (and loss given default
(LGD) assessments) to Achilles Acquisition LLC:

Corporate family rating at B3;

Probability of default rating at B3-PD;

$80 million five-year senior secured revolving credit facility at
B3 (LGD3);

$460 million seven-year senior secured term loan at B3 (LGD3);

$50 million seven-year senior secured delayed draw term loan at B3
(LGD3).

The rating outlook for the issuer is stable.

The principal methodology used in these ratings was Insurance
Brokers and Service Companies published in June 2018.

Based in Atlanta, Georgia, OneDigital is an employee benefits
insurance broker serving the needs of small businesses and
mid-sized companies with offices throughout the US. OneDigital
generated revenue of $213 million for the 12 months through the end
of June 2018.


ADVANCED MICRO: S&P Raises ICR to B+ & Alters Outlook to Positive
-----------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Santa Clara,
Calif.-based Advanced Micro Devices, Inc. (AMD) to 'B+' from 'B'.
S&P revised the outlook to positive from stable.

S&P said, "At the same time, we raised our issue-level rating on
AMD's senior unsecured debt to 'B+' from 'B'. The recovery rating
remains '4', indicating our expectation for average (30%-50%;
rounded estimate: 35%) recovery in the event of a payment default.

"We based the upgrade on our view that recent sales traction in the
firm's Zen architecture CPUs, a return to positive free cash
generation, and a compelling product road map indicate material
improvement in AMD's competitive position, and we are revising our
assessment of the firm's business risk profile. Relatively limited
capacity for R&D investment compared with its significantly larger
competitors, weak if improving profitability, and exposure to
cyclical PC gaming markets remain significant risks, although these
factors may be somewhat diminished over time if the firm can
sustain its current growth rate and further diversify its GPU
business into accelerated computing and other non-gaming
applications. We based the outlook revision on our view that the
company may be able to reduce leverage sustainably under 2x over
the next 12 months if it can continue to grow rapidly and further
improve profitability.

"The positive outlook on AMD reflects our view that significant
share gains in the consumer CPU market, demand growth in the GPU
market, and reentry into the server CPU market will enable AMD to
continue to outgrow the broader semiconductor industry and reduce
leverage to under 2x over the next 12 months. We expect positive
free cash flow for 2018 on improving profitability and moderating
growth in inventory.

"We would look to leverage declining further and remaining under 2x
as a primary criteria for an upgrade, along with further market
share gains against Intel, sustained share against Nvidia, ongoing
revenue growth, and expended EBITDA margins as factors in a
potential upgrade. Evidence that AMD has sustainably reduced the
performance gap between its products and those of its main
competitors and has a product pipeline that can credibly sustain an
improved competitive position would also support a further
upgrade.

"We could revise the outlook to stable if the firm's Zen
architecture CPUs and Vega GPUs lose traction in the market and the
firm returns meaningful share to Intel and Nvidia over the next
year, leading to leverage remaining more than 2x. We would also
view a deterioration in the firm's liquidity position as a limiting
factor on an upgrade, and cash levels below $600 million could lead
to a stable rating outlook."


AFP HOLDING: Plan Outline Okayed, Plan Hearing on Oct. 3
--------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of New York is
set to hold a hearing on Oct. 3 to consider approval of the Chapter
11 plan of liquidation for AFP Holding, Inc.

The hearing will be held at 2:00 p.m., at Courtroom 3529.

The court had earlier approved the company's disclosure statement,
allowing it to start soliciting votes from creditors.  

The order, signed by Judge Carla Craig on Sept. 12, set a Sept. 25
deadline for creditors to file their objections and submit ballots
of acceptance or rejection of the plan.

The Second Amended Plan provides that if counsel for the First
Lender seeks compensation under Section 503(b) of the Bankruptcy
Code, that compensation will be fixed by the Court, by appropriate
motion on notice to all creditors and parties-in-interest in
accordance with the Bankruptcy Code and Bankruptcy Rules.

A copy of the Second Amended Disclosure Statement from
PacerMonitor.com is available at https://tinyurl.com/yc7ke7uh at no
charge.

                         About AFP Holding

On May 23, 2017, an involuntary petition under Chapter 7 of Title
11 of the United States Code was filed against the Debtor by
SummitBridge National Investments III LLC and the New York Business
Development Corp.

The Debtor filed a motion to dismiss the involuntary Chapter 7 case
and, after an evidentiary hearing, the Court denied the Debtor's
motion to dismiss the Petition.

A motion was made to convert the Chapter 7 case to a Chapter 11
case and an Order was duly entered by this Court on consent of
SummitBridge National and New York Business allowing the case to
proceed under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y.
Case No. 17-42642).

The Debtor hired Neal M. Rosenbloom, Esq., at Goldberg Weprin
Finkel Goldstein LLP, as counsel.

On May 18, 2018, the Debtor filed a disclosure statement in support
of its proposed Chapter 11 plan of liquidation.


AIR METHODS: Bank Debt Trades at 9% Off
---------------------------------------
Participations in a syndicated loan under which Air Methods
Corporation is a borrower traded in the secondary market at 90.65
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 0.82 percentage points from
the previous week. Air Methods pays 350 basis points above LIBOR to
borrow under the $1.25 billion facility. The bank loan matures on
April 21, 2024. Moody's rates the loan 'B1' and Standard & Poor's
gave a 'B+' rating to the loan. The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday,
September 7.


ALKHAIRY HOSPITALITY: Taps Boyer & Boyer as Legal Counsel
---------------------------------------------------------
Alkhairy Hospitality, LLC, received approval from the U.S.
Bankruptcy Court for the Northern District of Indiana to hire Boyer
& Boyer as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; represent the Debtor in negotiation with its
creditors; assist in any potential sale of its assets; prepare a
bankruptcy plan; and provide other legal services related to its
Chapter 11 case.

David Boyer II, Esq., the attorney who will be handling the case,
charges an hourly fee of $250.  His firm received an advance
payment of $3,283 as retainer prior to the Petition Date.

The firm is "disinterested" as defined in Section 101(14) of the
Bankruptcy Code, according to court filings.

Boyer & Boyer can be reached through:

         David R. Boyer II, Esq.
         Boyer & Boyer
         110 West Berry St., Suite 1910
         Fort Wayne, IN 46802
         Tel: (260) 407-7123
         Fax: (260) 407-7137
         E-mail: db2@boyerlegal.com
         E-mail: arl@boyerlegal.com

                    About Alkhairy Hospitality

Alkhairy Hospitality, LLC, owns a conference and reception center
located at 6222 Ellison Road, Fort Wayne, Indiana.  

Alkhairy Hospitality sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ind. Case No. 18-11716) on Sept. 11,
2018.  Alkhairy Hospitality previously sought bankruptcy protection
(Bankr. N.D. Ind. Case No. 18-10635) on April 17, 2018.  The prior
case was dismissed for failure to pay the filing fee.

In the petition signed by Fauzia Alkhairy, managing director and
owner, the Debtor disclosed $1,518,500 in assets and $970,756 in
liabilities.   

Judge Robert E. Grant presides over the case.  The Debtor tapped
Boyer & Boyer as its legal counsel.


ALLIANCE HEALTHCARE: S&P Alters Oulook to Neg. on Weak Performance
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' issuer credit rating on
Alliance HealthCare Services and revised the rating outlook to
negative from stable.

S&P also affirmed the 'B+' rating on the company's senior secured
first-lien term loan and 'B-' rating on its second-lien term loan.

The recovery rating on the first-lien debt is '3', indicating
expectations for meaningful (50%-70%; rounded estimate: 60%)
recovery in the event of a payment default.

The recovery rating on the second-lien debt is '6', indicating
expectations for negligible (0%-10%: rounded estimate: 0%) recovery
in a default.

The outlook revision to negative follows several quarters of
weaker-than-expected radiology volumes and slower integration of
recent acquisitions leading to our revised base case. The market
for the company's radiology services has become much more
competitive and EBITDA has declined over the past several quarters
through a reduction in revenue in the segment and difficulty
securing short-term interim business. Furthermore, the company has
significantly increased capital spending to offset revenue and
margin declines. While Alliance's oncology segment produces the
highest margins, the company's recent acquisition of several sites
in Arizona from 21st Century Oncology have also constrained EBITDA
growth. These factors have caused leverage to increase, rather than
decrease as S&P had anticipated earlier.

S&P said, "The negative outlook reflects our view that improvement
in Alliance's profitability and leverage will be slower than we
previously expected. We expect the company will grow organically at
a low-single-digit pace, with the pending acquisition of E+ Cancer
elevating that growth rate to the midteens in 2018 and 2019. The
acquisition will be partially funded with debt issued in 2018 but
we do not expect leverage to fall below 5x until 2019 when the
company is able to realize a full-year benefit from the
acquisition."


ALLIANCE SECURITY: Seeks Approval of Third Cash Collateral Budget
-----------------------------------------------------------------
Alliance Security, Inc., requests the U.S. Bankruptcy Court for the
District of Rhode Island to extend its cash collateral use pursuant
to the third proposed cash collateral budget.

On November 17, 2017, the Court entered Final Cash Collateral
Order, authorizing, among others, the use of cash collateral and
granting adequate protection. The Final Cash Collateral Order
included a budget that expires on May 20, 2018. The Cash Collateral
Budget was subsequently extended through June 10, 2018, and then
again through September 2, 2018.

The proposed Budget provides weekly cash flow forecast for the week
ending September 9 through week ending December 30, 2018. The
Debtor believes that the Budget will be adequate to pay all
administrative expenses due and payable during the period covered
by the Budget.

The Debtor claims that the expenses in the proposed Budget are
substantially similar to the cash collateral budget included in the
Final Cash Collateral Order, except that the Budget includes:

     (i) a line item to pay accrued post-petition liabilities;

     (ii) payment of $5,000 per week for the U.S. Trustee's fees;
and

     (iii) removal of the reserve for the payment of professional
fees approved by the Court.

A full-text copy of the Debtor's Motion is available at

               http://bankrupt.com/misc/rib17-11190-567.pdf

A copy of the Budget is available at

               http://bankrupt.com/misc/rib17-11190-567.pdf

                      About Alliance Security

Based in Warwick, Rhode Island, Alliance Security, Inc. --
http://www.alliancesecurity.com/-- is a security system supplier.


Alliance Security filed for Chapter 11 bankruptcy protection
(Bankr. D.R.I. Case No. 17-11190) on July 14, 2017, estimating its
assets and liabilities at between $1 million and $10 million.  The
petition was signed by Jasjit Gotra, its president and CEO.

Judge Diane Finkle presides over the case.  

The Delaney Law Firm LLC, led by William J. Delaney, serves as the
Debtor's bankruptcy counsel; Venable, LLP as its special counsel;
and DiSanto, Priest & Co. as accountant.

William K. Harrington, U.S. Trustee for the District of Rhode
Island, on July 27, 2017, appointed three creditors to serve on an
official committee of unsecured creditors in the Chapter 11 case.
The Committee hired Robinson & Cole LLP, as counsel.


ALMAR SALES: Court Approves Disclosures, Confirms Plan
------------------------------------------------------
Judge Michael B. Kaplan of the U.S. Bankruptcy Court for the
District of New Jersey issued an order finally approving the
disclosure statement and confirming the Chapter 11 Plan filed by
Almar Sales Company.

The Debtor filed its Chapter 11 Small Business Plan on March 18,
2018.

                   About Almar Sales Company

Based in Alpha, New Jersey, Almar Sales Company filed a Chapter 11
petition (Bankr. D.N.J. Case No. 17-29658) on Sept. 29, 2017,
estimating under $1 million both in assets and liabilities. Judge
Michael B. Kaplan presides the case.  The Law Office of Joseph J.
Mania III is the Debtor's bankruptcy counsel.



ALPHA ADVENTURE: Taps Mitchell Law Firm as Legal Counsel
--------------------------------------------------------
Alpha Adventure Ranch at Nocona, LLC seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Texas to hire The
Mitchell Law Firm, L.P. as its legal counsel.

The firm will assist the Debtor in the preparation of a plan of
reorganization and will provide other legal services related to its
Chapter 11 case.  

Gregory Mitchell, Esq., is the lead attorney who will be handling
the case.  Sarah Cox, Esq., and Jeffery Veteto, Esq., are the other
attorneys who may also provide services.

The firm's partners and associates will charge $375 per hour and
$225 per hour, respectively.  The hourly rates for paralegals and
legal assistants range from $75 to $95.

The firm received a retainer in the sum of $2,500.

Mr. Mitchell disclosed in a court filing that the firm's regular
associates and members are "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Gregory W. Mitchell, Esq.
     The Mitchell Law Firm, L.P.
     12720 Hillcrest Road, Suite 625
     Dallas, TX 75230
     Phone: (972)463-8417
     Fax: (972)432-7540
     E-mail: greg@mitchellps.com
     E-mail: greg.mitchell@mitchellps.com

              About Alpha Adventure Ranch at Nocona

Alpha Adventure Ranch at Nocona, LLC, is a privately-held company
engaged in activities related to real estate.

Alpha Adventure Ranch at Nocona sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Tex. Case No. 18-41978) on
Sept. 3, 2018.  In the petition signed by Clayton Vette, president,
the Debtor estimated assets of $1 million to $10 million and
liabilities of less than $1 million.


ALTA MESA: S&P Alters Outlook to Negative & Affirms 'B' ICR
-----------------------------------------------------------
S&P Global Ratings affirmed its 'B' issuer credit rating on Alta
Mesa Holdings LP. At the same time, S&P revised the outlook to
negative from stable.

S&P said, "We also assigned a 'B' issuer credit rating to parent
company Alta Mesa Resources Inc. We view Alta Mesa Holdings as a
core subsidiary of Alta Mesa Resources, Inc.

"In addition, we affirmed our 'B' issue-level rating on Alta Mesa's
senior unsecured debt. The recovery rating remains '4', reflecting
our expectation for average (30% to 50%; rounded estimate: 40%)
recovery of principal in the event of payment default.

"The negative outlook reflects our view that projected leverage
will be weak for the rating over at least the next year and that
the company could encounter liquidity challenges given limited
headroom under credit facility maintenance covenants. Production
underperformance compared to prior guidance and less than expected
third party activity for Kingfisher Midstream have resulted in
higher than expected leverage which could approach 4x debt to
EBITDA and less than 20% funds from operations (FFO) to debt should
the trend continue into 2019. The company elected to defer
expansion of its midstream assets in 2018; however, we expect
spending to be substantial in 2019 as the company moves forward
with its aggressive ten-rig drilling program in the STACK play in
addition to its contribution requirement for the construction of
the Cimarron Express oil pipeline. We expect the company's spending
to significantly outpace cash flows. Under this scenario, we expect
funding needs will be greater than credit facility capacity without
an increase in the borrowing base. We also forecast that the
company will have limited headroom in 2019 under its reserve-based
lending (RBL) credit facility covenant requiring that debt to
EBITDA remain below 4x, which could limit access to borrowing.

"The negative outlook is based on our view that Alta Mesa's
leverage will be weaker than we previously expected over at least
the next year due to underperformance of its exploration and
production and midstream businesses. We believe liquidity could be
challenged due to planned capital spending in excess of cash flow,
the currently limited size of its credit facilities, and due to
projected limited headroom under its leverage covenant.

"We could lower the rating on Alta Mesa if FFO/debt declined to
below 20% without a clear path to improvement. We could also lower
the rating if liquidity became constrained. This could occur if
production or midstream utilization continues to underperform our
expectations, if the company breaches credit facility maintenance
covenants without receiving remedy, or if the company funds high
capital spending with credit facility borrowings without receiving
an increase in facility size."

A revision to stable is predicated on the company reducing cash
outspend, maintaining sufficient credit facility capacity to
sustain its capital program, and maintaining leverage comfortably
below its 4.0x debt to EBITDA maintenance covenant, at Alta Mesa
Holdings, to avoid potential covenant breaches. This would likely
occur as a result of increased production and reduced costs from
the continued development of its midstream infrastructure,
including the Cimarron Express pipeline.


ALTERNATIVE WELL: Taps Fishman Haygood as Expert Witness
--------------------------------------------------------
Alternative Well Intervention, LLC, seeks approval from the U.S.
Bankruptcy Court for the Western District of Louisiana to hire
Brent B. Barriere and the law firm of Fishman Haygood, LLC as the
Debtor's expert witness in connection with the 9019 Motion.

On September 4, 2018, the Debtor filed a Motion for Entry of an
Order Approving Settlement and Compromise Pursuant to Bankruptcy
Rule 9019 [Dkt. No. 7] (9019 Motion) requesting the Court enter an
order approving a "Settlement Agreement" between the Debtor and
Shane Guidry, Warren S. Orlando, Cornelius Dupre, Sirpos II, LLC,
SJG Holdings-AWI, LLC, Orlando-AWI Energy Investors, LLC, AWI
Investor Group, LLC, and Go Global Holdings III, LLC
(Counterparties).

In exchange for a $375,000 payment and the release of over
$9,359,800 in potential unsecured claims against the Debtor's
estate, the Debtor has agreed to release the Counterparties and
dismiss the Mule Services Lawsuit and Begnaud Lawsuits, including
but not limited to, the Alter Ego Claims and the Revocatory Claims.
A hearing on the 9019 Motion is set for October 2, 2018.

Specifically, Barriere and Fishman Haygood will analyze and opine
as to the merits of the Alter Ego Claims and Revocatory Claims and
whether the Settlement Agreement represents a fair and reasonable
compromise, and Barriere will testify as an expert witness at the
hearing on the 9019 Motion.

Barriere's current hourly rates are:

     Brent Barriere          $500
     Skylar Rosenbloom       $320
     Other Attorneys      $220 to $350
     Paralegals              $150

Brent Barriere, partner with Fishman Haygood, LLC, attests that he
and his firm do not represent or hold any interest adverse to the
Debtor's estate with respect to the matters upon which they will be
engaged.

The firm can be reached through:

     Brent Barriere, Esq.
     Fishman Haygood, LLC
     201 St. Charles Avenue, Suite 4600
     New Orleans, LA 70170-4600
     Phone: 504-586-5252
     Fax: 504-586-5250

                    About Alternative Well Intervention

Alternative Well Intervention, LLC, sought protection under Chapter
11 of the Bankruptcy Code (Bankr. W.D. La. Case No. 18-51098) on
Aug. 30, 2018.  At the time of the filing, the Debtor estimated
assets of less than $500,000 and liabilities of less than $500,000.


AMC ENTERTAINMENT: Fitch Affirms 'B' IDR Amid $600MM Investment
---------------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Issuer-Default Rating (LT
IDR) of 'B' on AMC Entertainment Holdings, Inc. (AMC). The Rating
Outlook is Stable. Approximately $5.0 billion of outstanding debt
is affected by Fitch's rating action. The affirmation follows AMC's
announcement that it has closed on a $600 million strategic
investment from private equity firm Silver Lake in the form of
2.95% convertible senior unsecured notes.

Fitch views the transaction as a credit negative. Management's
aggressive financial policy is evidenced by its tolerance to
increase leverage to fund the repurchase of 24 million Class B
common shares from Dalian Wanda Group Co., Ltd. (Wanda) and a $160
million special dividend to shareholders. Pro forma for the
transaction, Fitch-calculated gross adjusted leverage increases to
6.8x (5.9x unadjusted), up from roughly 6.5x (5.2x unadjusted) for
the LTM ended June 30, 2018. Notably, the incremental cash interest
from the new convertible notes ($18 million) will be offset by
reduced cash dividend payments to Wanda resulting from the share
repurchase. As such, the impact to FCF will be neutral.

AMC's leverage had trailed down since 2017 owing to better
operating performance and the inclusion of acquired cash flows
(Nordic closed in March 2017). During the same time period,
management also completed non-core asset sales of roughly $500
million and utilized the proceeds to support capital spending on
theatre upgrades, shareholder returns (dividends and share
repurchases) and modest debt reduction. Over the rating horizon,
Fitch believes that any improvement in credit metrics will come
from EBITDA expansion rather than absolute debt reduction,
particularly given capital expenditure requirements for re-seating
initiatives over the next couple of years. Fitch anticipates that
premium investment in theatre upgrades will peak over 2018 and
2019, after which AMC is likely to again generate modest positive
FCF.

Fitch believes that there may be some longer-term strategic
benefits from Silver Lake's investment and Board seat. Silver Lake
is a highly experienced investor in technology-centric businesses
and could further guide AMC's operational plan regarding the use of
its loyalty program to improve theatre attendance levels. AMC has
also agreed to add an additional independent Board Director with
technology expertise. Attendance levels continue to face long-term
secular pressure from increasing competition from home
entertainment media options. Also, the reduction in Wanda's
ownership interest helps alleviate lingering concerns surrounding
Wanda's liquidity and financial needs.

Fitch's has affirmed all issue ratings, including the 'CCC+'/'RR6'
rating on the AMC Entertainment Holdings (AMCEH) parent senior
subordinated notes. The $600 million senior unsecured convertible
notes issuance does not affect the recovery prospects for the
subordinated notes given its small relative size as compared with
the $1.35 billion of outstanding senior secured obligations. Fitch
also includes a portion of AMC's operating leases as senior
unsecured obligations in its recovery analysis, reflecting the
importance of these contracts to AMC's business model. Fitch's
recovery ratings on the AMCEH subordinated notes reflect Fitch's
expectations of limited recovery prospects in a distress scenario.

The new senior unsecured convertible notes rank junior to the
senior secured credit facilities and senior to the subordinated
notes. The terms of the new convertible notes allow Silver Lake to
convert into shares of Class B common stock at any time on or after
the first anniversary of the issue date. Additionally, Silver Lake
has first look at any incremental Wanda share divestitures over the
next two years.

The Stable Outlook reflects Fitch's expectation that a stronger
2018 film slate will support domestic and international box office
growth. Year-to-date, domestic box office receipts were up roughly
9% relative to the same period in 2017. Despite a likely weaker
Q418 owing to tough comparables (i.e. "Thor: Ragnarok", "Justice
League", "Coco" and "Jumanji" in Q417), Fitch expects mid-single
digit growth in domestic box office receipts for full year 2018.
Additionally, Fitch believes there is a solid film slate planned
for 2019 including such noteworthy titles as "Avengers Infinity
War: Part II", "Frozen 2", "Toy Story 4", "Star Wars: Episode IX",
"Wonder Woman 2" and "It: Chapter 2".

KEY RATING DRIVERS

Key Promotion Window for Studios: AMC's ratings reflect Fitch
Ratings' belief that theatre exhibition will continue to be a key
promotion window for the movie studios' tent-pole releases.

Aggressive Financial Policy: The ratings incorporate management's
tolerance to increase leverage to repurchase 24 million of Wanda's
Class B common shares and fund a $160 million dividend. Pro-forma,
Fitch-calculated gross adjusted leverage increases to roughly 6.8x
(5.9x unadjusted), up from 6.5x (5.2x unadjusted) for the LTM ended
June 30, 2018. Leverage had trailed down since 2017 owing to better
operating performance and the inclusion of acquired cash flow
(Nordic closed in March 2017). During the same time period,
management also completed non-core asset sales of roughly $500
million and utilized the proceeds to support capital spending on
theatre upgrades, shareholder returns (dividends and share
repurchases) and modest debt reduction.

Potential IPO of European Assets: AMC is also exploring a potential
IPO of its European assets. This could provide a more meaningful
opportunity for deleveraging. However, Fitch has not incorporated
this event into its rating case.

Solid 2018 Box Office: Fitch expects a stronger 2018 film slate
will support domestic box office growth. Year-to-date, domestic box
office receipts were up roughly 9% relative to the same period in
2017. Despite a likely weaker Q418 owing to tough comparables (i.e.
"Thor: Ragnarok", "Justice League", "Coco" and "Jumanji" in Q417),
Fitch expects mid-single digit growth in domestic box office
receipts for full year 2018. Fitch notes that three titles released
thus far topped $600 million in domestic box office receipts
including "Black Panther" ($700 million), "Avengers: Infinity War"
($679 million) and "Incredibles 2" ($606 million).

European box office receipts in the Odeon and Nordic circuits were
negatively affected by poor weather and the FIFA World Cup event
airing over the summer. However, Fitch believes these markets will
also experience low single-digit growth in 2018, as AMC has been
generally outperforming the industry in these regions.
Additionally, Fitch believes there is a solid film slate planned
for 2019 including such noteworthy titles as "Avengers Infinity
War: Part II", "Frozen 2", "Toy Story 4", "Star Wars: Episode IX",
"Wonder Woman 2" and "It: Chapter 2".

Volatile FCF: AMC generated $93 million in FCF for the LTM ended
June 30, 2018, an improvement from negative $178 million in fiscal
2017 and negative $70 million for fiscal 2016 owing to better
operating performance. Fitch expects FCF will remain volatile over
the rating horizon driven by AMCs capex plans to upgrade theatres
in the U.S. (primarily Carmike circuit) and internationally
(upgrades in Odeon and new builds in Nordic territories). Fitch
anticipates that premium investment in re-seating initiatives will
peak over the 2018 and 2019 time frame after which AMC will again
generate modest positive FCF. AMC's liquidity is supported by $327
million of cash (as of June 2018) and $211 million availability on
its revolving credit facility, which is sufficient to cover minimal
amortization payments on its term loan.

Increasing Competitive Threats: The ratings factor the
intermediate- to long-term risks associated with increased
competition from at-home entertainment media, limited control over
revenue trends, shrinking film distribution windows and increasing
indirect competition from other distribution channels (VOD, over
the top [OTT] and streaming services). For the long term, Fitch
continues to expect that the movie exhibitor industry will be
challenged in growing attendance, and any potential attendance
declines will offset some of the growth in average ticket prices
and concessions.

Faster Video On Demand Risk: While a Premium Video On Demand (PVOD)
window being introduced over the intermediate term is a possibility
as it is supported by some of the larger studios, Fitch views it as
likely less over the near term given Disney's support of the
theatre exhibition window and its planned acquisition of Fox's
content assets. Disney continues to capture an outsized portion of
domestic box office receipts (nearly 32% year-to-date) and the
acquisition of the Fox assets will strengthen its position in
filmed entertainment.

Fitch believes that an introduction of a PVOD window less than 45
days after theatrical release poses a threat to movie exhibitors'
attendance. However, Fitch believes this plan would most likely be
more suitable for lower budget films with targeted demos rather
than franchises. Also, Fitch believes it is more likely that
studios will need to negotiate with exhibitors, and a potential
revenue sharing agreement could help offset any declines in
attendance.

AMC's Subscription Plan Supports Attendance: AMC launched its own
subscription service offering, "Stubs A-List" in June 2018. Fitch
does not anticipate that the program will have any material impact
to AMC's credit metrics. Fitch believes the implementation of the
program could help offset any fluctuation in attendance levels from
the operational missteps at competing subscription service
provider, MoviePass (3 million subscribers as of August 2018).
Additionally, Fitch views the subscription plans positively as it
could support theatre attendance amidst secular headwinds.

AMC "Stubs A-List" subscriber growth has outpaced management
expectations with more than 300,000 paid subscribers through
September. At the time of the "Stubs A-List" launch in June 2018,
AMC had guided to 500,000 paid subscribers at the one-year
anniversary of the service offering. Management expects that
initial launch costs will pose a $10 million-$15 million drag on
EBITDA in the back half of 2018. The economic impact going forward
will fluctuate depending on subscriber penetration. Management has
guided to an incremental $15 million-$25 million in annual EBITDA
for every 1 million "Stubs A-List" subscribers based on the
assumption of 2.5 movie visits per month per subscriber.

Dependent on Film Studios Product: AMC and its peers rely on the
quality, quantity and timing of movie product, all of which are
factors out of management's control.

DERIVATION SUMMARY

AMC's ratings incorporate the company's size and scale as the
largest theatre exhibitor worldwide offset by high and elevated
leverage following management's aggressive financial policies.
AMC's ratings also reflect Fitch's expectation of volatile FCF
generation as AMC focuses on theatre upgrades in the acquired
Carmike and Odeon circuits. AMC's FCF was $92 million for the LTM
ended June 30, 2018 and negative $173 million in FY 2017. Credit
protection metrics are weaker than similarly-rated 'B' peers.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within the Rating Case for the Issuer

  -- 2018 results reflect the impact of the Nordic acquisition
(closed on March 2018);

  -- 2018 revenues also incorporate the following: domestic
industry box office receipts up mid-single digits year-over-year,
domestic attendance levels up mid-single digits, and domestic
average ticket prices relatively flat reflecting mix shift toward
value tickets (e.g. $5 Tuesdays). Fitch expects that AMC's European
industry box office will likely underperform domestically due to
weaker title performance. Fitch also expects concession revenue per
patron to grow in the low single digit range over the rating case;


  -- EBITDA margins improving due to better top-line performance,
cost synergies and other cost-cutting measures;

  -- Capex in-line with management guidance for 2018 including
gross capex in the range of $600 million-$650 million. Fitch
expects capital spending related to theatre upgrades to remain
elevated through 2019 as AMC implements its re-seat plans in the
acquired Carmike and Odeon circuit, as well as its legacy circuit;


  -- Fitch expects FCF will remain negative over the near term,
driven by investments in premium seating;

  -- NCM share sale and other non-strategic asset sale proceeds are
used to support investments and shareholder returns;

  -- Silver Lake investment of $600 million convertible senior unse
cured notes in 2018 is used to fund Wanda share repurchase ($421
million) and special dividend ($160 million);

  -- Fitch does not include an IPO of the European assets in its
rating case;

  -- Adjusted gross leverage of 6.9x (6.0x on an unadjusted basis)
at fiscal year-end 2018. Fitch forecasts just modest improvement in
leverage driven by EBITDA growth.

Recovery Assumptions and Considerations:

  -- Fitch's recovery analysis assumes that AMC would be considered
a going concern in bankruptcy and that the company would be
reorganized rather than liquidated. Fitch assumes a 10%
administrative claim;

  -- Fitch incorporates the following considerations into its
recovery ratings: (1) the $1.4 billion of AMCEH senior secured
credit facilities are guaranteed by the company's wholly-owned
domestic subsidiaries; (2) the $230 million Carmike senior secured
notes are guaranteed by parent AMCEH; (3) Carmike is a subsidiary
of American Multi-Cinema, Inc., which guarantees the AMCEH senior
secured credit facilities, thus allowing the Carmike assets to
provide upstream guarantee to the AMCEH senior secured credit
facilities; (4) the $2.7 billion of AMCEH senior unsecured
subordinated notes are guaranteed on a subordinated basis by AMC's
wholly owned domestic subsidiaries;

  -- AMC's international assets, consisting primarily of the
company's acquired Odeon and Nordic circuit, do not guarantee AMCEH
senior secured credit facilities or the AMCEH senior unsecured
subordinated notes. As such, Fitch assumes that the AMCEH senior
secured credit facilities and the senior unsecured subordinated
notes would receive a pro rata unsecured share of the going-concern
enterprise value of the non-guarantor subsidiaries;

  -- Fitch assumes full draw on the AMCEH revolving credit facility
of $225 million;

  -- Fitch estimates an adjusted, distressed enterprise valuation
for AMC's domestic circuit of $2.1 billion using a 5x multiple. An
enterprise value multiple of 5x is used to calculate a
post-reorganization valuation, below the 5.5x median TMT emergence
enterprise value/EBITDA multiple. This lower multiple considers the
following factors: (1) The lower multiple is supported by Fitch's
belief that movie exhibitors have limited tangible asset value; (2)
historical trading multiples (EV/EBITDA) for theatre peers is in a
range of 7x-9x; (3) recent transaction multiples in the rage of 9x
(Cineworld Group PLC acquired U.S. theatre circuit Regal
Entertainment Group for $5.8 billion in Feb. 2018 for an LTM EBITDA
purchase price multiple of roughly 9.0x. AMC purchased domestic
circuit Carmike for $1.1 billion in Dec. 2016 for a purchase price
multiple of 9.2x and AMC purchased international circuit Odeon and
UCI for $1.2 billion in Nov. 2016 at a purchase price multiple of
9.1x); (4) Fitch's going-concern domestic circuit EBITDA of $461
million reflects the impact of a cyclical downturn from a poor
quality film slate and secular pressures on attendance levels
resulting in the closure of theatres and the high operating
leverage of the business model;

  -- Fitch estimates an adjusted, distressed enterprise valuation
for AMC's European circuit of roughly $731 million using a 5x
enterprise value multiple and a going-concern international EBITDA
of roughly $146 million. Fitch assumes 10% in administrative claims
and a full draw on the Odeon revolving credit facility
(multi-currency) of GBP100 million ($134 million);

  -- For Fitch's recovery analysis, leases are a key consideration.
While Fitch does not assign recovery ratings for the company's
operating lease obligations, it is assumed the company rejects only
30% of its $7.0 billion (calculated at a net present value) in
operating lease commitments due to their significance to the
operations in a going-concern scenario and is liable for 15% of
those rejected values. This incorporates the importance of the
leased space to the core business prospects as a going concern.
Fitch also includes all of AMC's capital leases as unsecured
obligations in the recovery;

  -- Fitch includes the newly issued $600 million of convertible
senior unsecured notes in its recovery analysis. The notes rank
junior to the secured credit facilities, but senior to the
subordinated notes;

  -- The recovery analysis results in a 'BB' issue rating on the
AMCEH senior secured credit facilities and Carmike secured notes
and a Recovery Rating of 'RR1'. The recovery results in a 'CCC+'
issue rating on the AMCEH senior subordinated notes and a Recovery
Rating of 'RR6';

  -- Fitch does not rate the convertible senior unsecured notes
held by Silver Lake.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to
Positive Rating Action

  -- Fitch does not expect any positive rating action over the
near-term given the company's elevated leverage following the
convertible notes issuance and special dividend;

  -- Over the longer term, increases in attendance from continued
success in operating initiatives, driving FCF/adjusted debt above
2%, interest coverage (including rents) above 2x, and adjusted
gross leverage below 4.5x on a sustainable basis, could provide
momentum.

Developments That May, Individually or Collectively, Lead to
Negative Rating Action

  -- Secular events that lead Fitch to believe there would be a
significant long-term downward trend in the industry would put
negative pressure on the rating;

  -- Interest coverage (including rents) falling close to 1.25x or
any pressure on liquidity could lead to a negative rating action.

LIQUIDITY

AMC's liquidity is supported by roughly $316 million in balance
sheet cash (excluding $11 million in restricted cash held by
non-U.S. subsidiaries). The company also has a $ 225.0 million
revolving credit facility, of which $210.8 million was available as
of June 30, 2018. Additionally, Odeon had a GBP100.0 ($132.0)
revolver, of which $112.6 million was available. Fitch believes
that the company's liquidity is adequate to cover minimal
amortization payments on its term loan.

Fitch believes the investments made by AMC and its peers to improve
the patron's experience are prudent. For 2018, the company expects
$600 million-$650 million of gross capex ($450 million-$500 million
on a net basis, including expected landlord contributions of $140
million-$150 million). Notably, roughly $150 million of the
company's annual capex budget is for maintenance, with the
remainder being primarily for theatre upgrades.

Since 2017, AMC has monetized non-core assets of roughly $500
million through a combination of sale leaseback transactions, the
divestiture of the AMC's stake in National Cinemedia LLC (NCM) and
Open Road Releasing, LLC (Open Road). These asset sales proceeds
supported re-seating initiatives, shareholder returns and debt
reduction. AMC's Board of Directors authorized a $100 million share
repurchase program in August 2017 to be completed over a two-year
period. As of June 30, 2018, $44 million remains available for
repurchase under this program.

Fitch expects FCF will remain volatile over the rating horizon
owing to the AMCs capex plans to upgrade theatres. Fitch
anticipates that premium investment in re-seating initiatives will
peak over the 2018 and 2019 time frame, after which AMC will again
generate modest positive FCF.

AMC had roughly $5.0 billion in total debt as of June 30, 2018,
with the vast majority at parent, AMC Entertainment Holdings, Inc.
(AMCEH) including $1.4 billion of debt outstanding under the senior
secured credit facilities, $2.7 billion in senior subordinated
notes. AMC also had $230 million of senior secured notes that it
assumed with the Carmike acquisition. The Carmike 6.0% senior
secured notes are obligations of a wholly owned subsidiary, Carmike
Cinemas, Inc., and benefit from a guarantee from AMC. The AMCEH
secured credit facilities and subordinated notes are guaranteed by
AMC's domestic wholly owned operating subsidiaries. International
assets, including Odeon and Nordic, do not provide any guarantee of
the AMCEH debt. The Odeon revolving credit facility is secured by
assets located in England and Wales.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

AMC Entertainment Holdings, Inc. (AMCEH)

  -- Long-Term IDR at 'B';

  -- Senior Secured Credit Facilities at 'BB'/'RR1';

  -- Senior Subordinated Notes at 'CCC+'/'RR6'.

Carmike Cinemas, Inc. (Carmike)

  -- Long-Term IDR at 'B';

  -- Senior Secured Notes due 2023 at 'BB'/'RR1'.


AMERICAN AXLE: Egan-Jones Hikes FC Senior Unsecured Rating to BB
----------------------------------------------------------------
Egan-Jones Ratings Company, on September 12, 2018, upgraded the
foreign currency senior unsecured rating on debt issued by American
Axle & Manufacturing Holdings Inc. to BB from BB-.

American Axle & Manufacturing Holdings, Inc. was founded in 1994
and is headquartered in Detroit, Michigan. The company together
with its subsidiaries, designs, engineers, validates, and
manufactures driveline, metal forming, powertrain, and casting
products.


AMERICAN FORKLIFT: CIT Bank Prohibits Further Cash Collateral Use
-----------------------------------------------------------------
CIT Bank, N.A., asks the U.S. Bankruptcy Court for the Middle
District of Florida to prohibit American Forklift Rental & Supply,
LLC from using any cash collateral of CIT.

CIT Bank further asks the Court to direct Debtor: (i) to segregate
and keep all of CIT's cash collateral from all other funds of the
Debtor in separate a depository account; (ii) to provide CIT with
an accounting of CIT's cash collateral; (iii) to produce all of its
records to CIT regarding CIT's Equipment Collateral and cash
collateral, including any leasing or rental agreements between the
Debtor and any of the Debtor’s customers regarding the Equipment
Collateral.

CIT claims that it made a loan to the Debtor in the principal
amount of $142,461.74 pursuant to an Installment Payment Agreement
between the Debtor, as Obligor and CIT, as Lender. Pursuant to the
terms of the Loan Agreement, the Loan is secured, by among other
things, the following equipment: (a) 6-LUIGONG Model CLG2025H
Counter Balanced Forklifts; (b) 1-LUIGONG Model CLG2015H WS Pallet
Stacker; (c) 2-LUIGONG Model CLG2020L WA Pallet Trucks; and (d)
1-LUIGONG Model CLG2105A-T Forklift.

In addition, the Debtor also assigned all rental agreements
regarding the Equipment Collateral and all customer payments
thereunder to CIT as additional security for the Loan. Accordingly,
any rental income derived from the Debtor's leasing of the
Equipment Collateral also secures the Loan and is CIT's cash
collateral.

Installment payments for the Loan are due monthly on the 30th of
each month, beginning December 30, 2017, in the amount of
$2,787.43. The Debtor is in default of the Loan for failure to make
required installment payments when due.

Specifically, CIT asserts that the Debtor has only made one
installment payment on account of the Loan since the inception of
the Loan. As of the filing of August 17, 2018, the Debtor is six
pre-petition payments in arrears and one post-petition payment in
arrears under the Loan. The arrears on the Loan currently total
$23,860.40.

CIT contends that the Debtor owes it the aggregate sum of $153,305
due under the Loan.

CIT has not consented to the Debtor's use of its cash collateral,
nor has the Debtor sought specific authorization from the Court to
use CIT's cash collateral. Thus, the Debtor is currently engaged in
the unauthorized and unsupervised use of CIT's cash collateral.
Moreover, CIT's cash collateral is not being adequately protected
and is subject to dissipation through the Debtor's unsupervised
use.

                      About American Forklift

American Forklift Rental & Supply, LLC --
https://www.americanforkliftrental.com/ -- specializes in forklift
rentals for the Central Florida area including Orlando, Tampa,
Lakeland, Orange County, Polk County, Lake County, and surrounding
areas.  It also offers new and used sales on a wide variety of
forklifts.

American Forklift sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-04155) on July 12,
2018.  In the petition signed by Joseph Garcia, Jr., managing
member, the Debtor estimated assets of $1 million to $10 million
and liabilities of $1 million to $10 million.  Judge Cynthia C.
Jackson presides over the case.  Melissa A. Youngman, Esq., in
Altamonte Springs, Florida, serves as counsel to the Debtor.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case of American Forklift Rental & Supply, LLC, as
of Aug. 21, according to a court docket.


AMERICAN MIDSTREAM: S&P Lowers Sr. Unsec. Notes Rating to 'B'
-------------------------------------------------------------
S&P Global Ratings lowered its issue-level rating on Houston-based
American Midstream Partners L.P.'s (AMID) senior unsecured debt to
'B' from 'B+' following a revision in the recovery rating on the
debt to '3' from '2'. The '3' recovery rating indicates lenders can
expect meaningful (50%-70%; rounded estimate 50%) recovery in a
default scenario.

At the same time, S&P Global Ratings affirmed its 'B' long-term
issuer credit rating on AMID. S&P Global Ratings removed the
ratings from CreditWatch, where they were placed with negative
implications Nov. 1, 2017. The outlook is stable.

The rating action follows the termination of the merger between
AMID and Southcross Holdings Borrower L.P. and Southcross Energy
Partners L.P, a publicly traded master limited partnership
(collectively Southcross). S&P said, "With the agreement's
termination, we do not expect leverage to be as elevated as we
originally anticipated. We had expected AMID to raise debt to
finance the acquisition, and to assume up to $1 billion of
Southcross debt. In addition, ending the transaction removes the
funding, execution, and integration risk that would have come with
it. We believe all these developments are credit positive, however,
the partnership is divesting some noncore assets, which is reducing
cash flows in the interim before those from projects under
construction commence; and it now has a larger revolving credit
facility, resulting in lower recovery prospects at this time."

S&P said, "The stable outlook reflects our expectation that AMID
will sell the noncore assets within the provided timeline, using
proceeds to pay down debt and fund organic growth programs. We also
expect that the organic growth projects under construction will
enter service on time and on budget; and the company will maintain
sufficient liquidity to fund its operations, growth programs, and
debt service.

"We could lower the ratings if debt-to-EBITDA remains above 6x for
a prolonged time with no immediate plans to bring it down, or we
believe the capital structure has become unstainable. This could
occur if the company doesn't use proceeds from the noncore assets
sales for paying down debt or capital spending as expected, or AMID
makes other acquisitions primarily with debt. A negative rating
action could also occur if throughput volumes flowing on its
different systems are lower than expected, resulting in weaker cash
flows.

"We could raise the ratings if debt-to-EBITDA declines and stays
below 4.5x. This could occur if the proceeds from the asset sales
pay down debt and fund growth programs, and with volumes and cash
flows from the projects' commissioning."



AMERICAN TIRE: Bank Debt Trades at 14% Off
------------------------------------------
Participations in a syndicated loan under which American Tire
Distributors Inc. is a borrower traded in the secondary market at
85.55 cents-on-the-dollar during the week ended Friday, September
7, 2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents an increase of 13.58 percentage points
from the previous week. American Tire pays 425 basis points above
LIBOR to borrow under the $720 million facility. The bank loan
matures on October 1, 2021. Moody's rates the loan 'Caa1' and
Standard & Poor's gave a 'CCC-' rating to the loan. The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, September 7.


ARALEZ PHARMACEUTICALS: Committee Taps Dundon as Financial Advisor
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Aralez
Pharmaceuticals US Inc. and its affiliated debtors seeks authority
from the United States Bankruptcy Court for the Southern District
of New York to retain Dundon Advisers LLC as co-financial advisor
to the Committee.

Services to be rendered by Dundon Advisers are:

     (a) assist in the analysis, review and monitoring of the
restructuring process, including, but not limited to an assessment
of the unsecured claims pool and potential recoveries for unsecured
creditors;

     (b) advise and assist the Committee in identifying estate
causes of action, including without limitation, the Committee's
investigation of any claims, perfection challenges or causes of
action against Deerfield;

     (c) review and scrutinize all prepetition loan, bond,
convertible bond, and equity capital market transactions that the
Debtors and Non-Debtor Affiliates entered into with Deerfield
and/or other parties, to examine if any can be challenged or
subject to avoidance actions, including without limitation, as
preference payments or subject to equitable subordination or
recharacterization;

      (d) analyze historical and ongoing related party transactions
between the Debtors and Non-Debtor Affiliates and Deerfield and
other parties-in-interest;

     (e) evaluate and monitor the asset sale process, including
without limitation, investigation of Deerfield's proposed credit
bid and the marketing of the Debtors' assets;

     (f) review and provide analysis of any disclosure statement
and plan in the chapter 11 cases, and if appropriate develop and
present to the Committee and/or Court an alternative Plan of
Reorganization;

     (g) advise and design potential claims liquidity solutions for
unsecured creditors, including measures to foster reasonable claims
trading activities;

     (h) attend meetings and assist in discussions with the
Committee, the Debtors, Deerfield, potential investors, the U.S.
Trustee, and other parties in interest and professionals;

     (i) present at meetings of the Committee, as well as meetings
with other key stakeholders and parties; and

     (j) perform such other advisory services for the Committee as
may be necessary or proper in these proceedings.

Dundon Advisers' standard hourly rates are:

      Matt Dundon          $630
      Peter Hurwitz        $600
      Jonathan Feldman     $550
      Demetri Xistris      $500
      Phillip Preis        $500
      William Ha           $450

Matthew Dundon, Principal of Dundon Advisers LLC, attests that his
firm is a "disinterested person" as that term is defined in
Bankruptcy Code Section 101(14).

The advisor can be reached through:

     Matthew Dundon
     Dundon Advisers LLC
     PO Box 259H
     Scarsdale NY 10583
     Phone: 1-917-838-1930
     Fax: 1-212-202-4437
     Email: md@dundon.com

                About Aralez Pharmaceuticals

Aralez Pharmaceuticals Inc. -- http://www.aralez.com/-- is a
specialty pharmaceutical company focused on delivering products to
improve patients' lives by acquiring, developing and
commercializing products in various specialty areas.  

The Company together with its affiliates filed for Chapter 11
protection on Aug. 10, 2018 (Bankr. S.D.N.Y. Lead Case No.
18-12425).  The Debtor estimated assets and liabilities between
$100 million and $500 million.

The Hon. Martin Glenn presides over the Debtors' Chapter 11 cases.

The Debtors engaged Paul V. Shalhoub, Esq., Robin Spigel, Esq., and
Debra C. McElligott, Esq., of Willkie Farr & Gallagher LLP, as
their counsel.  The Debtors selected Prime Clerk LLC as their
claims, noticing and solicitation agent.


B VALDEZ CONSTRUCTION: Sept. 28 Plan Confirmation Hearing Set
-------------------------------------------------------------
A contested confirmation hearing will be held on September 28, 2018
at 9:00 a.m., according to a notice filed in the Chapter 11 case of
B. Valdez Construction & Development, Inc.

The confirmation hearing was initially held on September 19.
Appearances were made by Carl Barto for the Debtor, Steve Statham
for the U.S. Trustee, Richard Haynes for Falcon International Bank,
and Sean Davis for Dominion Homeowners Association.  The case
docket shows that the parties are continuing to work through issues
and need time to review most recent changes in the Plan.

The B. Valdez Construction has filed a Plan that proposes to pay
creditors in full with proceeds from the sale of the Debtor's
assets as part of a plan of liquidation.  The sale proceeds will be
paid, after the payment of costs of administration (including
professional fees and costs of bankruptcy counsel and the U.S.
Trustee's fees), to the payment of allowed claims in the order of
their priority until the funds are exhausted.  The Debtor will
continue to pay its monthly mortgage and home owners association
fees until the time as it can sell each of its two properties. The
Debtor believes that the 42 Vintage Property will sell first. On
the sale of this property, a release price of $50,000 will be paid
from the sales proceeds to Falcon Bank in exchange for the Bank
releasing the property from its cross collateralized liens. The
proceeds will also be used to pay in full any arrears to the
Dominion Subdivision Homeowners Association, and to any tax liens
on the property.

On the sale of the Josefina Property, all administrative expenses
will be paid in full, and the balance of the Falcon International
Bank and D&J Alexander Homeowners Association debt will be paid in
full.

After payment of all administrative expenses including the payment
of the Debtor's bankruptcy Counsel's fees, the case will be closed.
The Debtor plans to sell both properties as quickly as possible,
but under the Plan both sales must be accomplished within two years
of the Effective Date.

The Plan provides for five classes of secured claims; no class of
unsecured claims; and one class of equity security holders. The
Debtor has no unsecured creditors. Creditors holding allowed claims
will receive distributions, which the proponent of this Plan has
valued at approximately 100 cents on the dollar.

A copy of the Second Amended Disclosure Statement is available at
https://tinyurl.com/y9revab5 from PacerMonitor.com at no change.

             About B. Valdez Construction & Development

B. Valdez Construction & Development, Inc. filed a Chapter 11
petition (Bankr. S.D. Tex. Case No. 17-50262) on December 23, 2017.
At the time of the filing, the Debtor disclosed that it had
estimated assets of less than $500,000 and liabilities of less than
$500,000.  

Judge David R. Jones presides over the case.  The Debtor is
represented by Carl Michael Barto, Esq., at the Law Office of Carl
M. Barto.



B&G FOODS: Egan-Jones Lowers Senior Unsecured Ratings to B
----------------------------------------------------------
Egan-Jones Ratings Company, on September 10, 2018, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by B&G Foods Incorporated to B from B+. EJR also
downgraded the rating on commercial paper issued by the Company to
B from A3.

B&G Foods is a holding company for branded foods. It was founded in
1889 to sell pickles, relish and condiments. The B&G name is from
the Bloch and Guggenheimer families, sellers of pickles in
Manhattan. It is based in Parsippany, New Jersey and has about
2,500 employees.


BAILEY FOUR: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
The Office of the U.S. Trustee on Sept. 18 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Bailey Four Canyon Ranch.

                About Bailey Four Canyon Ranch

Bailey Four Canyon Ranch -- http://www.fourcanyons.com/-- owns a
whitetail breeding ranch located in Houston, Texas.  The Company is
dedicated to breeding the optimal mix of both Northern and South
Texas deer to create the biggest and best deer herd in Texas.

Bailey Four Canyon Ranch filed a voluntary petition for relief
under Chapter 11 of Title 11 of the United States Code (Bankr. S.D.
Tex. Case No. 18-60055) on August 6, 2018, 2018.  The petition was
signed by Kenneth F. Bailey, Jr., manager FKB Enterprises, LLC, GP.
The Debtor estimated $10 million to $50 million in both assets and
liabilities.

The case is assigned to Judge David R. Jones.

Richard L. Fuqua, II, Esq., at FFuqua & Associates, P.C., is the
Debtor's counsel.


BELK INC: Bank Debt Trades at 14% Off
-------------------------------------
Participations in a syndicated loan under which BELK Incorporated
is a borrower traded in the secondary market at 85.72
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.36 percentage points from
the previous week. BELK Incorporated pays 475 basis points above
LIBOR to borrow under the $1.5 billion facility. The bank loan
matures on December 10, 2022. Moody's rates the loan 'B2' and
Standard & Poor's gave a 'B-' rating to the loan. The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, September 7.


BLUE GOLD EQUITIES: Taps Omni Management as Claims Agent
--------------------------------------------------------
Blue Gold Equities LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to hire Omni Management
Group, Inc. as its claims and noticing agent.

The firm will oversee the distribution of notices and the
maintenance, processing and docketing of proofs of claim filed in
the Chapter 11 cases of the company and its affiliates.  

Omni will charge these hourly rates:

     Analyst                     $25 - $40
     Consultant                  $50 - $125
     Senior Consultant          $140 - $155
     Equity Services                $175  
     Technology/Programming      $85 - $135  

Paul Deutch, senior vice-president of Omni, disclosed in a court
filing that the firm and its employees do not represent any
interest adverse to the Debtors' estates.

Omni can be reached through:

     Paul H. Deutch
     Omni Management Group
     5955 De Soto Avenue, Suite 100
     Woodland Hills, CA 91367
     Phone: 818-906-8300

                          About Blue Gold

Launched in 2010, Blue Gold owns and operates nine retail kosher
food stores under the name of "Seasons" in New York, New Jersey,
Ohio and Maryland.

On Sept. 16, 2018, Blue Gold Equities LLC and 11 of its
subsidiaries filed voluntary petitions seeking relief under the
provisions of Chapter 11 of the U.S. Bankruptcy Code (Bankr.
S.D.N.Y. Lead Case No. 18-45280).  Blue Gold disclosed $31 million
in total assets and $42 million in total liabilities.

The Hon. Nancy Hershey Lord is the case judge.

Zeichner Ellman & Krause LLP, led by Nathan Schwed, Peter Janovsky,
and Robert Guttmann, serve as the Debtors' counsel. Getzler Henrich
& Associates, LLC is the restructuring advisor.  Omni Management
Group, Inc. is the claims and noticing agent.


BLUEFIELD WOMEN'S: Taps Williams Law Office as Legal Counsel
------------------------------------------------------------
Bluefield Women's Center, P.C. received approval from the U.S.
Bankruptcy Court for the Southern District of West Virginia to hire
Williams Law Office as its legal counsel.

The firm will advise the Debtor regarding the administration of its
Chapter 11 case; assist in formulating a plan of reorganization;
represent the Debtor in negotiations; and provide other legal
services related to its Chapter 11 case.

The firm will charge an hourly fee of $150.

Dean Williams, Esq., the attorney at Williams Law Office who will
be handling the case, disclosed in a court filing that he does not
represent any interest adverse to the Debtor and its bankruptcy
estate.

The firm can be reached through:

     Dean E. Williams, Esq.
     Williams Law Office
     701 Wheeling Avenue
     Glen Dale, WV 26038
     Tel: (304) 810-0887
     Fax: (304) 810-0266

                  About Bluefield Women's Center

Bluefield Women's Center, P.C. --
https://www.bluefieldwomenscenter.com/ -- is a medical company that
specializes in obstetrics, gynecology, infertility and advanced
gynecologic surgery.  

Bluefield Women's Center sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. W.Va. Case No. 18-10063) on May 31,
2018.  In the petition signed by Randy Brodnick, president, the
Debtor estimated assets of less than $500,000 and liabilities of $1
million to $10 million.  Judge Frank W. Volk presides over the
case.  The Debtor tapped Williams Law Office as its legal counsel;
and Clark, Schaefer, Hackett as its accountant.


BOSTON LANGUAGE INSTITUTE: May Use Cash Collateral Until Oct. 16
----------------------------------------------------------------
The Hon. Joan N. Feeney of the U.S. Bankruptcy Court for the
District of Massachusetts has signed an agreed order authorizing
The Boston Language Institute, Inc. to use cash collateral in the
ordinary course of its business on an interim basis through Oct.
16, 2018.

A further hearing on Debtor's use of cash collateral is set for
Oct. 16, 2018 at 10:00 a.m.  The Debtor will file reconciliations
to the Budget for the months of August through September 2018 by
Oct. 10, 2018.

Century Bank and Trust Company, an alleged creditor of the Debtor,
by virtue of liens asserted against the Debtor's assets including
accounts receivables, has filed an objection to Debtor's Cash
Collateral Motion.

To resolve Century Bank's objection, the Debtor and Century Bank
have agreed to following terms and conditions for Debtor's use of
cash collateral:

     (a) Century Bank is granted replacement lien in and to all
property of the kind presently securing the Debtor's obligations to
Century Bank, but only to the extent of the validity, perfection,
priority, sufficiency and enforceability of Century Bank's
pre-petition security interests and not more than any post-petition
diminution of the value of Century Bank's interest in such
property. Said lien will specifically not extend to any
post-petition avoidance recoveries.

     (b) The Debtor will make payments for taxes and insurance as
well as other payment expenses, no more than the amounts reflected
in the Budgeted projections set forth in the Supplemental Document
to Debtor's Motion for Use of Cash Collateral.

     (c) The Debtor will continue to maintain its assets and the
Debtor will not diminish the position of Century Bank.

     (d) The Debtor will supply Century Bank with all of the
operating statements filed with the U.S. Trustee and such other
financial information as reasonable requested by Century Bank,
including proof of insurance on the assets owned by the Debtor.

     (e) Century Bank has reserved its rights to raise any
objections to Debtor's use of cash collateral, except as
specifically set forth in the Agreed Order.

A full-text copy of the Agreed Order is available at

        http://bankrupt.com/misc/mab18-12508-45.pdf

              About The Boston Language Institute

The Boston Language Institute, Inc., filed a Chapter 11 petition
(Bankr. D. Mass. Case No. 18-12508), on June 29, 2018. The Debtor
is represented by John F. Sommerstein, Esq., of the Law Offices of
John F. Sommerstein.


BRAVE PARENT: S&P Affirms B- Issuer Credit Rating, Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on
Atlanta-based Brave Parent Holdings Inc. The outlook is stable.

In addition, S&P affirmed its 'B-' issue-level rating to the
company's $315 million first-lien incremental term loan ($670
million outstanding including add-on). The '3' recovery rating
indicates our expectation for meaningful (50%-70%; rounded
estimate: 65%) recovery in the event of payment default.

S&P said, "The affirmation primarily reflects our expectation for
robust growth within Bomgar's legacy business and incremental
EBITDA contribution from BeyondTrust. We believe the combined
platforms will continue to drive upfront billings collection growth
and generate moderate free cash flow, while leverage remains
manageable at approximately 12x adjusted pro forma debt to EBITDA.
By incorporating BeyondTrust's PowerBroker/Retina VM solutions,
Bomgar will be able to offer a more complete suite of products
across Windows, Unix, and Linux operating systems for its core
privileged access management (PAM) customers. Over the longer term,
we believe the combination positions the company more favorably to
compete against pure-play PAM security software competitors such as
CyberArk while broadening its distribution base for potential
cross-selling and up-selling opportunities.

"The stable outlook reflects our view that continued billings
growth, improved scale and product diversity, and strong customer
renewal rates will enable the firm to generate at least $10 million
of free cash flow annually in spite of the incremental debt
issuance from the acquisition of BeyondTrust. We expect the company
to reduce adjusted leverage over the next 12 months to around 10x
through a combination of operating efficiency improvements, planned
cost reductions, and modest required amortization payments on the
first-lien term loans."


BRIGGS & STRATTON: Egan-Jones Lowers Sr. Unsecured Ratings to BB
----------------------------------------------------------------
Egan-Jones Ratings Company, on September 12, 2018, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Briggs & Stratton Corporation to BB from BB+.

Briggs & Stratton Corporation is a Fortune 1000 manufacturer of
gasoline engines with headquarters in Wauwatosa, Wisconsin.


BROOKINS TRACTOR: Taps Zalkin Revell as Legal Counsel
-----------------------------------------------------
Brookins Tractor and Equipment Repair, LLC received approval from
the U.S. Bankruptcy Court for the Middle District of Georgia to
hire Zalkin Revell, PLLC as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; conduct examinations incidental to the
administration of the bankruptcy estate; pursue claims of the
Debtor; and provide other legal services related to its Chapter 11
case.

Kenneth Revell, Esq., the attorney who will be handling the case,
charges an hourly fee of $300.

Mr. Revell disclosed in a court filing that his firm neither holds
nor represents any interest adverse to the Debtor's estate.

The firm can be reached through:

         Kenneth W. Revell, Esq.
         Zalkin Revell, PLLC
         2410 Westgate Drive, Suite 100
         Albany, GA 31707
         Tel: (229) 435-1611
         Fax: (866) 560-7111
         E-mail: krevell@zalkinrevell.com

           About Brookins Tractor and Equipment Repair

Brookins Tractor and Equipment Repair, LLC, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Ga. Case No.
18-11035) on Aug. 22, 2018.  At the time of the filing, the Debtor
estimated assets of less than $500,000 and liabilities of less than
$500,000.  The Debtor tapped Zalkin Revell, PLLC, as its legal
counsel.


CAJ SOUTHWAY: Has OK on Interim Cash Collateral Use Until Oct. 16
-----------------------------------------------------------------
The Hon. Joan N. Feeney of the U.S. Bankruptcy Court for the
District of Massachusetts, having been advised of the parties'
agreement, has authorized CAJ Southway Plaza LLC's further use of
cash collateral on an interim basis through the continued hearing
which will be held on Oct. 16, 2018, at 10:15 a.m.

On or before Oct. 15, 2018, by 12:00 noon the Debtor is required to
file a report of actual income and expenses compared to those
budgeted. Any objection will be due by 4:30 p.m. on Oct. 15, 2018.

A copy of the Order is available at

         http://bankrupt.com/misc/mab18-12631-26.pdf

                     About CAJ Southway Plaza

CAJ Southway Plaza, LLC, is a single asset real estate limited
liability company that owns and operates Southway Plaza, a
106,000-square-foot retail shopping center located at 340-400 Rhode
Island Boulevard, Fall River, Massachusetts.

CAJ Southway Plaza sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mass. Case No. 18-12631) on July 10,
2018.  At the time of the filing, the Debtor estimated assets of
$1,000,001 to $10 million and liabilities of $1,000,001 to $10
million.  Judge Joan N. Feeney presides over the case.  The Debtor
tapped David B. Madoff, Esq. at Madoff & Khoury LLP as counsel; and
Daniel Waldman as broker.


CANDLE CONNECTION: Unsecureds to Get 100% at 6% Over 16 Months
--------------------------------------------------------------
The Candle Connection, Inc., filed with the U.S. Bankruptcy Court
for the Eastern District of Washington a disclosure statement dated
September 12, 2018, explaining its small business Chapter 11 plan.

The Plan provides that the general unsecured class shall be paid
100% of the allowed claims at a monthly payment of $728 beginning
January 2026 and ending April 2027, with interest rate of 6% from
date.

Payments and distributions under the Plan will be funded by the
ongoing operations of gift shop business.    

A copy of the Disclosure Statement from PacerMonitor.com is
available at https://tinyurl.com/yap5p7dm at no charge.

                  About The Candle Connection

Family owned and operated, The Candle Connection was first
established in 1991.  The original shop was located in the
historical Motteler Building and relocated to its present location
in 2006.  Along with outstanding customer service, the company
takes great pride in providing quality candles, 99% of which are
made in the USA with the rest from Germany and Denmark.  Its
diverse selections and styles, along with a wide range of candle
Accessories are unsurpassed.

The Candle Connection Inc. filed a Chapter 11 petition (Bankr. E.D.
Wash. Case No. 18-01266) on May 1, 2018, listing under $1 million
in both assets and liabilities.  

Charles R. Steinberg, Esq. at Steinberg Law Firm PS, is the
Debtor's counsel.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case.


CENTURION PIPELINE: Moody's Gives Ba3 CFR & Rates $450MM Loans Ba3
------------------------------------------------------------------
Moody's Investors Service has assigned the first-time ratings to
Centurion Pipeline Company LLC, including a Ba3 Corporate Family
Rating, a Ba3-PD Probability of Default Rating, a Ba3 rating to its
proposed $350 million senior secured term loan, and a Ba3 rating to
its $100 million senior secured revolving credit facility . The
rating outlook is stable.

The proceeds from the term loan issuance, along with equity
contribution from its private equity sponsor, EnCap Flatrock
Midstream, will fund the recently agreed acquisition of the
Centurion pipeline system and a Southeast New Mexico crude oil
gathering system from Occidental Petroleum Corporation (A3 stable).


"Centurion benefits from its well-connected midstream assets in the
Permian basin that should offer opportunities to grow the business
and add to the existing revenue commitments from several key
customers," said Elena Nadtotchi, Vice President - Senior Credit
Officer at Moody's. "Solid existing operating cash flows and
sizable equity funding by the new sponsor keep Centurion's initial
leverage low and boosts its financial capacity to support such
future growth."

Assignments:

Issuer: Centurion Pipeline Company LLC

Corporate Family Rating, Assigned Ba3

Probability of Default Rating, Assigned Ba3-PD

Senior Secured Term Loan, Assigned Ba3 (LGD3)

Senior Secured Revolving Credit Facility, Assigned Ba3 (LGD3)

Outlook Actions:

Issuer: Centurion Pipeline Company LLC

Outlook, Assigned Stable

RATINGS RATIONALE

Centurion's Ba3 CFR reflects its modest relative size, measured by
projected 2018 EBITDA of $150 million and PP&E assets of around $1
billion, offset by its mature operations, very low financial
leverage relative to peers and seasoned management team. The
company should have good opportunities to grow the scale of
operations and attract new customers in the medium term. It has an
established footprint in all key production areas of the Permian
Basin with around 3,000 miles of active oil pipeline and connection
to Cushing and also benefits from acreage dedications spread over
77,000 acres in Southeast New Mexico. Centurion's cash flows have
limited direct exposure to commodity prices and limited volume
risk, as the company benefits from minimum revenue commitments from
several investment-grade rated shippers, that will initially cover
up to 70% of the projected revenues and will decline over the
medium term.

The Ba3 rating is materially underpinned by the sizeable equity
contribution from the financial sponsor and the resulting low
initial leverage, with debt/EBITDA below 2.5x at the end of 2018.
Under the proposed terms of the new notes, the company will retain
significant flexibility to increase its leverage to fund growth but
Moody's expects that the company will be measured in its pace of
growth and use of debt funding.

The stable outlook reflects Moody's expectation that Centurion will
maintain its low leverage profile relative to similarly rated peers
and sound liquidity position, as it implements several add-on
growth projects.

The new senior secured term loan due 2025 and senior secured
revolving credit facility are rated Ba3, at the CFR level, in
accordance with Moody's Loss Given Default Methodology. Both the
term loan and revolver have a pari passu first lien secured claim
to substantially all of the company's assets. Since there are no
other debts in the capital structure, the term loan and revolver
are rated the same as the CFR.

Centurion's adequate liquidity position will be supported by $100
million senior secured revolving credit facility maturing in 2023,
that will be undrawn at closing. Centurion generates solid
operating cash flows that cover maintenance investments. However,
the company's pipeline of add-on capital growth projects will
necessitate modest drawing on the revolver over the next 12 -18
months. The revolver facility and the new term loan are subject to
a debt service coverage ratio covenant of at least 1.10x. In
addition, the revolving credit facility is subject to a maximum net
leverage ratio of 4.75x. Moody's expects the company to be well in
compliance with these covenants through 2019.

The ratings could be downgraded if debt-funding acquisitions, large
capital projects or payments to shareholders were to push leverage
up, with debt-to-EBITDA rising above 3x.
An upgrade of the ratings is unlikely, given the company's
geographic concentration and modest scale at present. Increasing
scale and size and diversification, with EBITDA exceeding $350
million, could lead to an upgrade of the ratings if the company
maintains its conservative financial profile.

Centurion Pipeline Company LLC, is a wholly owned subsidiary of
Lotus Midstream, LLC, a company headquartered in Sugar Land, Texas
that is focused on the organic development of midstream
infrastructure and services necessary to transport crude oil and
condensate in the Permian Shale basin. The company was established
at the beginning of 2018 and is backed by EnCap Flatrock Midstream,
a venture capital group.


CM RESORT: Taps Pronske Goolsby & Kathman as Bankruptcy Counsel
---------------------------------------------------------------
CM Resort LLC seeks authority from the United States Bankruptcy
Court for the Northern District of Texas (Ft. Worth) to hire
Pronske Goolsby & Kathman, P.C., as bankruptcy counsel for the
Debtor.

Services PGK will render are:

     (a) provide legal advice with respect to the Debtor's powers
and duties as debtor-in-possession in the continued operation of
its business and the management of its property;

     (b) take all necessary action to protect and preserve the
Debtor's estate, including the prosecution of actions on behalf of
the Debtor, the defense of any actions commenced against the
Debtor, negotiations concerning litigation in which the Debtor is
involved, and objections to claims filed against the Debtor's
estate;

     (c) prepare on behalf of the Debtor necessary motions,
answers, orders, reports, and other legal papers in connection with
the administration of its estate;

     (d) assist the Debtor in preparing for and filing a disclosure
statement in accordance with section 1125 of the Bankruptcy Code;

     (e) assist the Debtor in preparing for and filing a plan of
reorganization at the earliest possible date;

     (f) perform any and all other legal services for the Debtor in
connection with the Debtor's Chapter 11 Case; and

     (g) perform such legal services as the Debtor may request with
respect to any matter, including, but not limited to, corporate
finance and governance, contracts, antitrust, labor, and tax.

PGK's hourly fees are:

     Gerrit M. Pronske        $600
     Partner               $385 - $600
     Legal assistants          $120

Gerrit M. Pronske, shareholder with the law firm of Pronske Goolsby
& Kathman, P.C., attests that PGK is a "disinterested person"
within the meaning of 11 U.S.C. Secs. 101(14) and 327(a).

The counsel can be reached through:

     Gerrit M. Pronske
     PRONSKE GOOLSBY & KATHMAN, P.C.
     2701 Dallas Parkway, Suite 590
     Plano, TX 75093
     Phone: (214) 658-6500
     Fax: (214) 658-6509
     Email: gpronske@pgkpc.com

                       About CM Resort LLC

Based in Gordon, Texas, CM Resort LLC, a single asset real estate,
filed a voluntary petition for bankruptcy under chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case no. 18-43168) on Aug. 15,
2018.  The petition was signed by Mark Ruff, member and authorized
agent.  At the time of filing, the Debtor estimated $1 million to
$10 million in assets and $10 million to $50 million in
liabilities.  Judge Russell F. Nelms presides over the case.
Gerrit M. Pronske, Esq. at Pronske Goolsby & Kathman, P.C., is the
Debtor's counsel.



CMS ENERGY: Fitch Rates Jr. Subordinated Notes Due 2078 'BB+'
-------------------------------------------------------------
Fitch Ratings has assigned a 'BB+' rating to CMS Energy
Corporation's junior subordinated notes due 2078. The notes are
unsecured obligations and will rank subordinate and junior in right
of payment to all CMS's existing and future senior indebtedness.
The notes will rank equal in right of payment to the company's
existing junior subordinated notes and any other pari passu
subordinated indebtedness CMS may incur in the future.

Net proceeds will be used to redeem CMS's 6.25% senior notes due
Feb. 1, 2020, of which $300 million aggregate principal amount is
outstanding, and general corporate purposes.

CMS's Long-Term Issuer Default Rating (IDR) is 'BBB'/Stable.

KEY RATING DRIVERS

Ownership of Consumers Energy: CMS's ratings benefit from the
company's ownership of Consumers Energy Company (A-/Stable), a
regulated utility that accounts for greater than 95% of CMS's
consolidated EBITDA. Consumers Energy's low-risk integrated
electric and natural gas distribution operations bolster credit
quality. Fitch expects Consumers Energy to remain CMS's lone core
business and primary driver of consolidated growth over the long
term, further strengthening CMS's consolidated earnings mix.

Parent-Level Debt: Approximately one-third of consolidated debt
(excluding debt at CMS's bank subsidiary EnerBank USA) is
parent-level debt, which significantly increases consolidated
leverage. The impact of tax reform is expected to further weigh on
CMS's leverage metrics. Fitch expects adjusted total debt/EBITDAR
to average around 4.5x-5.0x and FFO adjusted leverage to average
around 4.9x-5.2x through 2020.

Constructive Regulatory Environment: Consumers Energy operates
within a constructive regulatory environment overseen by the
Michigan Public Service Commission (MPSC). Supportive state
legislation and MPSC policies mitigate regulatory lag through the
use of a forward test year, a 10-month review period for general
rate cases (GRCs), and power supply and gas cost recovery
mechanisms.

Large Capex Program: Consumers Energy has a large capex program
totaling $10 billion over the next five years. Despite the large
capex program, Fitch expects Consumers Energy's financial profile
to remain supportive of the utility's ratings. The utility benefits
from constructive regulation and cash savings from operating and
maintenance (O&M) expense reductions and CMS's net operating loss
carryforwards (NOLs), which will be used to help fund growth
capex.

O&M Reductions and NOLs: Management's focus on O&M expense
reductions supports the utility's solid financial profile, reducing
the negative near-term financial impact from the utility's large
capex program. In addition, the cash flow benefit from CMS's NOLs
enables the utility to invest more internal capital into improving
the reliability of its service while minimizing the need for
external sources of capital. Fitch expects ongoing O&M expense
reductions to average 2% per year.

Parent/Subsidiary Linkage: Fitch uses a bottom-up approach in
determining the ratings on CMS and Consumers Energy, and the
linkage follows a weak parent/strong subsidiary approach. Fitch
considers Consumers Energy to be stronger than CMS due to the
utility's low-risk regulated operations, Michigan's constructive
regulatory environment, and CMS's large amount of parent-level
debt. There is moderate linkage between the Long-Term IDR of CMS
and that of Consumers Energy, resulting from the utility's good
access to debt capital markets and the absence of guarantees and
cross-defaults; however, the utility's lack of strong ring-fencing
provisions and CMS's reliance on Consumers Energy as its
predominant generator of cash flow would suggest closer linkage.
Fitch caps at two notches the difference between the Long-Term IDRs
of CMS and Consumers Energy.

DERIVATION SUMMARY

The credit profile of CMS is slightly weaker than that of its peer
utility holding companies, DTE Energy Company (BBB+/Negative), Xcel
Energy Inc. (BBB+/Stable), and WEC Energy Group, Inc.
(BBB+/Stable). This is mainly driven by a greater proportion of
parent level debt at CMS that results in higher consolidated
leverage metrics. CMS's FFO adjusted leverage is expected to
average 4.9x-5.2x through 2020, compared with 4.5x-4.7x for DTE,
4.4x-4.8x for Xcel, and 4.6x-4.9x for WEC. CMS, DTE, Xcel, and WEC
all are parent holding companies with integrated electric and
natural gas distribution utility subsidiaries rated in the 'BBB' to
'A' range. A constructive regulatory regime in Michigan drives the
strong business risk profile of CMS, which Fitch views as
comparable with the operations of its peers in Michigan, Wisconsin,
and Colorado. Xcel and WEC benefit from their ownership of utility
subsidiaries in more than one state. Fitch views DTE's business
risk profile as slightly weaker because of its investments in
nonregulated midstream operations.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for the issuer
include:

  -- Periodic GRC filings to recover Consumers Energy's investment
in rate base and associated costs;
  -- O&M cost reductions averaging 2% per year;
  -- Average annual electric sales growth of 1% and flat natural
gas sales volume;
  -- Total capex of $10 billion over 2018 to 2022;
  -- EPS growth of 6% to 8% per year.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action

  -- A positive rating action is not expected in the near term due
to the significantly large amount of parent-level debt. However, a
positive rating action could occur if Fitch were to expect adjusted
debt/EBITDAR to improve to less than 4.2x and FFO-adjusted leverage
to improve to less than 4.5x on a sustained basis.

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action

  -- A negative rating action could occur if Fitch were to expect
adjusted debt/EBITDAR to weaken to greater than 4.8x and
FFO-adjusted leverage to weaken to greater than 5.2x on a sustained
basis.

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity: Fitch considers CMS's liquidity to be adequate.
CMS has a $550 million unsecured revolving credit facility (RCF),
which matures June 5, 2023. As of June 30, 2018, CMS had $1 million
of LCs outstanding, leaving $549 million of availability under its
RCF.

Consumers Energy primarily meets its short-term liquidity needs
through the issuance of CP under its $500 million CP program, which
is supported by its $850 million RCF. Consumers Energy's RCF
matures June 5, 2023 and is secured by the utility's first mortgage
bonds. Although the amount of outstanding CP does not reduce the
RCF's available capacity, Consumers Energy states it would not
issue CP in an amount exceeding the available RCF capacity. As of
June 30, 2018, Consumers Energy had no CP borrowings and $7 million
of LCs outstanding, leaving $843 million of unused availability
under its RCF.

CMS's operations require modest cash on hand. At June 30, 2018, the
company had $477 million of unrestricted cash and cash equivalents,
$254 million of which was at Consumers Energy, which should be
sufficient to cover near-term cash needs.

CMS has a manageable long-term debt maturity schedule over the next
five years. At the parent level, CMS has a $180 million term loan
due in 2019, $300 million of 6.25% senior unsecured notes due in
2020 and $300 million of 5.05% senior unsecured notes due in 2022.

SUMMARY OF FINANCIAL STATEMENT ADJUSTMENTS

Summary of Financial Statement Adjustments - Financial statement
adjustments that depart materially from those contained in the
published financial statements of the relevant rated entities are
disclosed:

  -- Operating leases are capitalized using the 8x rent expense
method;

  -- Securitization debt is removed from all financial metric
calculations;

  -- CMS's junior subordinated notes are given 50% equity credit.


COLONIAL OAKS: Taps Motschenbacher & Blattner as Bankruptcy Counsel
-------------------------------------------------------------------
Colonial Oaks Mobile Home Park, LLC, seeks authority from the US
Bankruptcy Court for the District of Oregon to hire Motschenbacher
& Blattner, LLP as its general bankruptcy counsel.

Service M&B will render are:

     a. consult with the Debtor concerning the administration of
the case;

     b. advise the Debtor with regard to its rights, powers and
duties as a debtor in possession;

     c. investigate and, if appropriate, prosecute on behalf of the
estate claims and causes of action belonging to the estate;

     d. advise the Debtor concerning alternatives for restructuring
its debts and financial affairs pursuant to a plan or, if
appropriate, liquidating its assets; and

     e. prepare bankruptcy schedules, statements and lists required
to be filed by the Debtor under the Bankruptcy Code and applicable
procedural rules.

M&B's current hourly rates are:

     Anthony J. Motschenbacher   Partner      $375
     Christopher C. S. Blattner  Partner      $375
     Nicholas J. Henderson       Partner      $375
     Gregory J. Englund          Partner      $375
     Alex C. Trauman             Partner      $375
     Troy G. Sexton              Associate    $315
     Jeremy Tolchin              Associate    $315
     Sean Glinka                 Associate    $315
     Legal Assistants and
       Paralegals                           $80 to $150

Nicholas J. Henderson attests that M&B is a disinterested person
within the meaning of section 101(14) of the Bankruptcy Code and
does not represent or hold any interest adverse to the interests of
the estate or of any class of creditors or equity security
holders.

The firm can be reached through:

     Nicholas J. Henderson, OSB
     Motschenbacher & Blattner, LLP
     117 SW Taylor St., Suite 300
     Portland, OR 97204
     Phone: (503) 417-0500
     Fax: (503) 417-0501
     E-mail: nhenderson@portlaw.com

              About Colonial Oaks Mobile Home Park

Colonial Oaks Mobile Home Park, LLC, filed as a Single Asset Real
Estate (as defined in 11 U.S.C. Section 101(51B)), whose principal
assets are located at 934 Main St. Independence, Oregon.

Colonial Oaks Mobile Home Park filed a voluntary petition under
Chapter 11 of the Bankruptcy Code (Bankr. D. Ore. Case No.
18-33183) on Sept. 12, 2018.  In the petition signed by Susan
Daniell, member, the Debtor estimated $1 million to $10 million in
assets and liabilities as of the bankruptcy filing.  The case is
assigned to the Hon. Trish M. Brown.  Nicholas J. Henderson, Esq.
at Motschenbacher & Blattner, LLP is the Debtor's counsel.


CONDO 64: Oct. 2 Plan Confirmation Hearing
------------------------------------------
Judge James J. Tancredi of the U.S. Bankruptcy Court for the
District of Connecticut issued an order approving the first amended
disclosure statement explaining Condo 64, LLC's Chapter 11 plan.

September 27, 2018, is fixed as the last date for filing written
objections to the confirmation of the Plan, and October 2, at 3:00
P.M., is fixed as the date of hearing of confirmation of the Plan.

As previously reported by The Troubled Company Reporter, under the
Amended Plan, holders of Allowed General Unsecured Claims in Class
4 will receive their pro rata share of the sum of $2,000 but will
have the right to distributions from any future Chapter 5
recoveries, even though the Debtor does not anticipate commencing
such actions at this time. Approximate recovery for this class is
11% instead of the 16% proposed in the previous plan.

On the Effective Date and subject to consummation of the Exit
Financing, title to all property of the Debtor's bankruptcy estate
will vest in the Debtor, with such property only subject to the
liens of the Exit Finance Lender.

A copy of the Amended Disclosure Statement is available for free
at:

     http://bankrupt.com/misc/ctb15-21797-380.pdf

                        About Condo 64 LLC

Condo 64, LLC, a single asset real estate under 11 U.S.C. Sec.
101(51B), is the owner of 67 of the 112 condominium units and the
leases and rents in connection therewith at the location known as
505-509 Burnside Avenue, East Hartford, Connecticut.

Condo 64 filed a Chapter 11 petition (Bankr. D. Conn. Case No.
15-21797) on Oct. 16, 2015.  In the petition signed by Managing
Member Oliver C. Pinkard, the Debtor disclosed total assets at $4.6
million and total liabilities at $3.1 million at the time of the
filing.

The case is assigned to Judge Ann M. Nevins.

The Debtor hired Kaitlin M. Humble, Esq., and Craig I. Lifland,
Esq., at Halloran & Sage LLP, as bankruptcy counsel; and MAC
Commercial Financing Inc. as mortgage broker.

No trustee, examiner or creditors' committee has been appointed in
the case.


CONFLUENCE ENERGY: Gets Nod on $123K Funds, Cash Collateral Use
---------------------------------------------------------------
The Hon. Elizabeth E. Brown of the U.S. Bankruptcy Court for the
District of Colorado has signed an interim order authorizing
Confluence Energy, LLC (a) to borrow up to $123,000 in funds, from
US Bank, National Association, in its capacity as Bond Trustee, and
(b) to use cash collateral, only in accordance with the Budget.

The Debtor has demonstrated a critical need to obtain funds for its
ongoing business and administrative needs in the amount of $123,000
for the next month of operations. Without the use of the requested
DIP Loan and Cash Collateral, the Court determined that the Debtor
would likely suffer immediate and irreparable harm, including the
need to cease operations immediately or, at a minimum, be severely
impacted so as to no longer operate as a going concern, which in
turn might negatively impact the sale of the Kremmling Facility and
diminish or eliminate any return to unsecured creditors.

The Debtor's use of the amounts advanced pursuant to the Interim
DIP Loan will be limited solely to the categories of expenses
listed in Budget, including the Adequate Protection Payments. The
Debtor is not authorized to use and will not use any revenues not
derived in the ordinary course of the Debtor's operations,
including but not limited to the proceeds of any sale of the
Kremmling Facility and the Bond Trustee Funds, whether for its
operations or as collateral for any other creditor, without further
order of the Court.

The Interim DIP Loan will not accrue interest and there will be no
fees due the Bond Trustee with respect to this loan, other than the
Adequate Protection Payments. The principal owed with respect to
the DIP Loan will be due and payable upon the earlier of the
occurrence of a Termination Event

If the DIP Loan is approved at the final hearing on the Cash
Collateral Motion, then on or before the 15th day of each month,
the Debtor will make an adequate protection payment in the amount
of $6,500 to the Bond Trustee. The Debtor will make any Adequate
Protection Payment that comes due between August 17, 2018 and the
final hearing.

The Bond Trustee is granted valid, binding, and enforceable liens
in all currently owned assets of the Debtor of any kind or nature.
Actions for preferences, fraudulent conveyances, or other avoidance
power claims and any recoveries, and the proceeds thereof will not
be Postpetition Collateral.

To the extent of any Diminution, the Bond Trustee will have a
valid, perfected, and enforceable replacement lien and security
interest in (i) all assets of the Debtor existing on or after the
Petition Date of the same type as the Prepetition Bond Collateral,
together with the proceeds, rents, products, and profits thereof,
whether acquired or arising before or after the Petition Date, to
the same extent, validity, perfection, enforceability, and priority
of the liens and security interests of the Bond Trustee as of the
Petition Date.

During the interim period, the Debtor will:

     (a) allow the Bond Trustee and its professionals reasonable
access to the premises of the Debtor in order to conduct
appraisals, analyses, and/or audits of the Prepetition Bond
Collateral and the Collateral, and will otherwise reasonably
cooperate in providing any other financial information reasonably
requested by the Bond Trustee for this purpose;

     (b) provide to the Bond Trustee once each month (commencing
with the second week after the Petition Date), a monthly report
certified by the Debtor’s chief financial officer (or other
officer responsible for the books and records of the Debtor) and in
the same form as the Budget indicating all receipts received and
disbursements made by the Debtor in the week ending the prior
Friday compared to the Budget and detailing any variances of more
than 10% and at least $10,000 from the expenditures and receipts in
the Budget;

     (c) be available once each month (subject to reasonable
scheduling conflicts) for a telephonic conference call with the
Bond Trustee to discuss the status of the sale of the Kremmling
Facility and the contemplated plan of reorganization, the results
of operations, and other matters pertaining to the Walden Facility,
and the Bankruptcy Case; and

     (d) provide to the Bond Trustee such other reports and
information as the Bond Trustee may reasonably request from time to
time.

The final hearing to consider the Cash Collateral Motion has been
scheduled to take place on September 7, 2018 at 9:30a.m.

A full-text copy of the Interim Order is available at

          http://bankrupt.com/misc/cob18-17090-33.pdf

                    About Confluence Energy

Confluence Energy, LLC, manufactures wood pellet for residential
and commercial heating use.  Founded in 2008, the company provides
multiple types of products using biomass materials for a variety of
purposes.  It is headquartered in Kremmling, Colorado.

Confluence Energy sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Colo. Case No. 18-17090) on Aug. 14,
2018.  In the petition signed by Mark Mathis, managing member, the
Debtor disclosed $11,204,345 in assets and $14,949,092 in
liabilities.  Aaron A. Garber, Esq., at Buechler & Garber, LLC,
serves as the Debtor's bankruptcy counsel.  Judge Elizabeth E.
Brown presides over the case.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case.


CYTORI THERAPEUTICS: Inks $5M Stock Purchase Deal with Lincoln Park
-------------------------------------------------------------------
Cytori Therapeutics, Inc., entered into a purchase agreement and a
registration rights agreement with Lincoln Park Capital Fund, LLC,
on Sept. 21, 2018.

Under the terms and subject to the conditions of the Purchase
Agreement, the Company has the right to sell to Lincoln Park and
Lincoln Park is obligated to purchase up to $5.0 million in amounts
of shares of the Company's common stock, subject to certain
limitations, from time to time, over the 24-month period commencing
on the date that a registration statement, which the Company agreed
to file with the Securities and Exchange Commission pursuant to the
Registration Rights Agreement, is declared effective by the SEC.
The Company may direct Lincoln Park, at its sole discretion and
subject to certain conditions, to purchase up to 250,000 shares of
Common Stock on any business day, provided that at least one
business day has passed since the most recent purchase, and
provided that the amount the Company may sell to Lincoln Park under
a single Regular Purchase may increase under certain circumstances
as described in the Purchase Agreement but in no event will the
amount of a single Regular Purchase exceed $1.0 million.  The
purchase price of shares of Common Stock related to the Regular
Purchases will be based on the prevailing market prices of such
shares at the time of sales.  The Company may also direct Lincoln
Park to purchase other amounts as accelerated purchases or
additional accelerated purchases if the closing sale price of the
Common Stock is not below the threshold prices as set forth in the
Purchase Agreement.  The Company's sales of shares of Common Stock
to Lincoln Park under the Purchase Agreement are limited to no more
than the number of shares that would result in the beneficial
ownership by Lincoln Park and its affiliates, at any single point
in time, of more than 4.99% of the then outstanding shares of the
Common Stock.  There are no trading volume requirements or
restrictions under the Purchase Agreement. There is no upper limit
on the price per share that Lincoln Park must pay for Common Stock
under a Regular Purchase or an accelerated purchase and in no event
will shares be sold to Lincoln Park on a day the Company's closing
price is less than the floor price as set forth in the Purchase
Agreement.  

Within five days of the date of the Purchase Agreement, the Company
must pay to Lincoln Park a commitment fee of $100,000 in
consideration for entering into the Purchase Agreement.
Additionally, on the Commitment Date, Lincoln Park has agreed to
purchase 380,000 shares of Common Stock as the initial purchase
amount at a price of the lower of (i) the closing price of the
Common stock on the business day immediately preceding the
Commencement Date or (ii) the arithmetic average of the closing
prices for the Common stock on the ten consecutive business days
ending the business day immediately preceding the Commencement
Date. Lincoln Park represented to the Company, among other things,
that it was an "accredited investor" and the Company plans to sell
the securities in reliance upon an exemption from registration
contained in Section 4(a)(2) under the Securities Act.

The Purchase Agreement and the Registration Rights Agreement
contain customary representations, warranties, agreements and
conditions to completing future sale transactions, indemnification
rights and obligations of the parties.  The Company has the right
to terminate the Purchase Agreement at any time, at no cost or
penalty with effect one business day after Lincoln Park receives
notice of the Company's intent to terminate.  Lincoln Park has the
right to terminate the Purchase Agreement if the Company does not
file a registration statement with the SEC within ten business days
of the date of the Registration Rights Agreement or if the
registration statement is not declared effective by the SEC by Jan.
31, 2019.  Lincoln Park does not have the right to terminate the
Purchase Agreement upon any of the events of default as set forth
in the Purchase Agreement; however, during an event of default,
shares of Common Stock cannot be sold by the Company or purchased
by Lincoln Park under the terms of the Purchase Agreement.  In
addition, in the event of bankruptcy proceedings by or against the
Company, the Purchase Agreement will automatically terminate.
Actual sales of shares of Common Stock to Lincoln Park under the
Purchase Agreement will depend on a variety of factors to be
determined by the Company from time to time, including, among
others, market conditions, the trading price of the Common Stock
and determinations by the Company as to the appropriate sources of
funding for the Company and its operations. Lincoln Park has no
right to require any sales by the Company, but is obligated to make
purchases from the Company as it directs in accordance with the
Purchase Agreement.  Lincoln Park has covenanted not to cause or
engage in any manner whatsoever, any direct or indirect short
selling or hedging of the Company's shares.

The net proceeds under the Purchase Agreement to the Company will
depend on the frequency and prices at which the Company sells
shares of its stock to Lincoln Park.  The Company expects that any
proceeds received by the Company from those sales to Lincoln Park
under the Purchase Agreement will be used for working capital and
general corporate purposes.

                        About Cytori

Based in San Diego, California, Cytori -- http://www.cytori.com/--
is developing, manufacturing, and commercializing
nanoparticle-delivered oncology drugs and autologous
adipose-derived regenerative cell (ADRC) therapies within its
Nanomedicine and Cell Therapy franchises, respectively.  Cytori
Nanomedicine is focused on the liposomal encapsulation of
anti-neoplastic chemotherapy agents, which may enable the effective
delivery of the agents to target sites while reducing systemic
toxicity.  The Cytori Nanomedicine product pipeline consists of
ATI-0918 pegylated liposomal doxorubicin hydrochloride for breast
cancer, ovarian cancer, multiple myeloma, and Kaposi's sarcoma, a
complex/hybrid generic drug, and ATI-1123 patented
albumin-stabilized pegylated liposomal docetaxel for multiple solid
tumors.  Cytori Cell Therapy, prepared within several hours with
the proprietary Celution System and administered to the patient the
same day, has been shown in preclinical and clinical studies to act
principally by improving blood flow, modulating the immune system,
and facilitating wound repair.  As a result, Cytori Cell Therapy
may provide benefits across multiple disease states and can be made
available to the physician and patient at the point-of-care.

Cytori reported a net loss of $22.68 million for the year ended
Dec. 31, 2017, compared to a net loss of $22.04 million for the
year ended Dec. 31, 2016.  As of June 30, 2018, Cytori had $22.67
million in total assets, $17.92 million in total liabilities and
$4.75 million in total stockholders' equity.

The audit report of the Company's independent registered public
accounting firm BDO USA, LLP, in San Diego, California, covering
the Dec. 31, 2017 consolidated financial statements contains an
explanatory paragraph that states that the Company's recurring
losses from operations, liquidity position, and debt service
requirements raises substantial doubt about its ability to continue
as a going concern.


CYTORI THERAPEUTICS: Registers Resale of 3.7M Common Shares
-----------------------------------------------------------
Cytori Therapeutics, Inc., has filed a Form S-1 registration
statement relating to the offer and sale of up to 3,727,387 shares
of common stock, par value $0.001, of Cytori, Inc., by Lincoln Park
Capital Fund, LLC.

The shares of common stock being offered by the selling stockholder
have been or may be issued pursuant to the purchase agreement dated
Sept. 21, 2018 that the Company entered into with Lincoln Park.
The prices at which Lincoln Park may sell the shares will be
determined by the prevailing market price for the shares or in
negotiated transactions.

The Company is not selling any securities under this prospectus and
will not receive any of the proceeds from the sale of shares by the
selling stockholder.

The selling stockholder may sell or otherwise dispose of the shares
of common stock described in this prospectus in a number of
different ways and at varying prices.  The selling stockholder is
an "underwriter" within the meaning of Section 2(a)(11) of the
Securities Act of 1933, as amended.

The selling stockholder will pay all brokerage fees and commissions
and similar expenses.  The Company will pay the expenses (except
brokerage fees and commissions and similar expenses) incurred in
registering the shares, including legal and accounting fees.

The Company's common stock is currently quoted on The Nasdaq
Capital Market under the symbol "CYTX".  On Sept. 20, 2018, the
last reported sale price of the Company's common stock on The
Nasdaq Capital Market was $0.448.

A full-text copy of the Form S-1 prospectus is available at:

                    https://is.gd/iZiOq2

                         About Cytori

Based in San Diego, California, Cytori -- http://www.cytori.com/--
is developing, manufacturing, and commercializing
nanoparticle-delivered oncology drugs and autologous
adipose-derived regenerative cell (ADRC) therapies within its
Nanomedicine and Cell Therapy franchises, respectively.  Cytori
Nanomedicine is focused on the liposomal encapsulation of
anti-neoplastic chemotherapy agents, which may enable the effective
delivery of the agents to target sites while reducing systemic
toxicity.  The Cytori Nanomedicine product pipeline consists of
ATI-0918 pegylated liposomal doxorubicin hydrochloride for breast
cancer, ovarian cancer, multiple myeloma, and Kaposi's sarcoma, a
complex/hybrid generic drug, and ATI-1123 patented
albumin-stabilized pegylated liposomal docetaxel for multiple solid
tumors.  Cytori Cell Therapy, prepared within several hours with
the proprietary Celution System and administered to the patient the
same day, has been shown in preclinical and clinical studies to act
principally by improving blood flow, modulating the immune system,
and facilitating wound repair.  As a result, Cytori Cell Therapy
may provide benefits across multiple disease states and can be made
available to the physician and patient at the point-of-care.

Cytori reported a net loss of $22.68 million for the year ended
Dec. 31, 2017, compared to a net loss of $22.04 million for the
year ended Dec. 31, 2016.  As of June 30, 2018, Cytori had $22.67
million in total assets, $17.92 million in total liabilities and
$4.75 million in total stockholders' equity.

The audit report of the Company's independent registered public
accounting firm BDO USA, LLP, in San Diego, California, covering
the Dec. 31, 2017 consolidated financial statements contains an
explanatory paragraph that states that the Company's recurring
losses from operations, liquidity position, and debt service
requirements raises substantial doubt about its ability to continue
as a going concern.


DAVID'S BRIDAL: Bank Debt Trades at 11% Off
-------------------------------------------
Participations in a syndicated loan under which David's Bridal
Incorporated is a borrower traded in the secondary market at 89.10
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 2.04 percentage points from
the previous week. David's Bridal pays 375 basis points above LIBOR
to borrow under the $520 million facility. The bank loan matures on
October 11, 2019. Moody's rates the loan 'Caa2' and Standard &
Poor's gave a 'CCC-' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, September 7.


DEX LIQUIDATING: Plan Outline Okayed, Plan Hearing on Nov. 8
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware is set to
hold a hearing on Nov. 8 to consider approval of the Chapter 11
plan of liquidation for Dex Liquidating Co.

The court had earlier approved the company's disclosure statement,
allowing it to start soliciting votes from creditors.  

The order, signed by Judge Kevin Carey on Sept. 18, set an Oct. 29
deadline for creditors to file their objections and submit ballots
of acceptance or rejection of the plan.

Under the proposed plan, the anticipated recovery for creditors
holding allowed Class 3 general unsecured claims is 100%.  The
estimated amount of allowed Class 3 claims is $2.786 million.

A copy of the latest disclosure statement filed on Sept. 13 is
available for free at:

     http://bankrupt.com/misc/deb17-12913-449.pdf

A copy of the disclosure statement filed on Aug. 27 is available at
https://tinyurl.com/y77v2kqe at no charge.

                       About Dextera Surgical

Headquartered in Redwood City, California, Dextera Surgical Inc.
(DXTR:US OTC US), now known as Dex Liquidating Co., is a medical
device company that designs and manufactures proprietary stapling
devices that enable the advancement of minimally invasive surgical
procedures.  Founded in 1997 as Vascular Innovations, Inc., the
Company changed its name in November 2001 to Cardica, Inc., and in
June 2016 to Dextera Surgical Inc.

Dextera Surgical sought Chapter 11 protection (Bankr. D. Del. Case
No. 17-12913) on Dec. 11, 2017.  Dextera Surgical also entered into
an asset purchase agreement with Aesculap, Inc, an affiliate of B.
Braun Group, for $17.3 million.

The Company disclosed $6.53 million in total assets and $14.82
million in total debt as of Sept. 30, 2017.

The Debtor tapped Saul Ewing Arnstein & Lehr LLP as counsel; Cooley
LLP as special corporate counsel; JMP Securities, LLC as financial
advisor and investment banker; Moss Adams LLP as tax advisor; Arch
& Beam Global, LLC and Matthew English as chief restructuring
officer; and Rust Consulting/Omni Bankruptcy as claims and noticing
agent.  David J. Saul, Esq., at Vistegy Law, P.C., serves as the
Debtor's bankruptcy counsel.

No trustee, examiner or official committee has been appointed.

Dextera Surgical Inc. filed a Certificate of Amendment to its
Amended and Restated Certificate of Incorporation on April 24,
2018, to effect a change of its name from "Dextera Surgical Inc."
to "Dex Liquidating Co."  The name change became effective upon the
filing of the amendment.


DIEBOLD INC: Bank Debt Trades at 15% Off
----------------------------------------
Participations in a syndicated loan under which Diebold
Incorporated is a borrower traded in the secondary market at 85.25
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.63 percentage points from
the previous week. Diebold Incorporated pays 275 basis points above
LIBOR to borrow under the $369 million facility. The bank loan
matures on April 5, 2023. Moody's rates the loan 'B3' and Standard
& Poor's gave a 'B-' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, September 7.


DIEBOLD NIXDORF: Egan-Jones Lowers Senior Unsecured Ratings to B
----------------------------------------------------------------
Egan-Jones Ratings Company, on September 11, 2018, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Diebold Nixdorf Incorporated to B from B+. EJR also
downgraded the rating on commercial paper issued by the Company to
B from A3.

Headquartered in North Canton, Ohio, Diebold Nixdorf is a
multinational financial and retail technology company that
specializes in the sale, manufacture, installation and service of
self-service transaction systems (such as ATMs and currency
processing systems), point-of-sale terminals, physical security
products, and software and related services for global financial,
retail, and commercial markets.


DORIAN LPG: Continues to Evaluate BW's Proposal
-----------------------------------------------
Dorian LPG Ltd. said that on Sept. 20, 2018, its senior management
team and its bankers and lawyers met with members of BW LPG's
management team and its bankers and lawyers.  This is the latest of
several meetings in Dorian's ongoing dialog with BW.  Over several
hours, Dorian's team gave feedback on information BW had provided
Dorian and asked questions about BW's business and proposal.
Dorian continues to evaluate BW's proposal and other alternatives
to maximize shareholder value.

Present at the meeting were Dorian LPG's Chairman John
Hadjipateras, chief financial officer Theodore Young and Dorian LPG
(USA) LLC Chief Executive Officer John Lycouris.  BW was
represented by Chief Executive Officer Martin Ackermann and Chief
Financial Officer Elaine Ong.

                       About Dorian LPG

Stamford, Connecticut-based Dorian LPG Ltd. --
http://www.dorianlpg.com/-- is a liquefied petroleum gas shipping
company and an owner and operator of modern very large gas carriers
("VLGCs").  Dorian LPG's fleet currently consists of twenty-two
modern VLGCs.  Dorian LPG has offices in Stamford, Connecticut,
USA, London, United Kingdom and Athens, Greece.

Dorian LPG reported a net loss of US$20.40 million for the year
ended March 31, 2018, compared to a net loss of US$1.44 million for
the year ended March 31, 2017.  As of June 30, 2018, Dorian LPG had
US$1.70 billion in total assets, US$761.83 million in total
liabilities and US$939.31 million in total shareholders' equity.


ECS REFINING: Trustee Seeks Okay on 8th Cash Collateral Use
-----------------------------------------------------------
W. Donald Gieseke, the duly-appointed and acting Chapter 11 Trustee
for the bankruptcy estate of ECS Refining, Inc., files with the
U.S. Bankruptcy Court for the Eastern District of California, his
Eighth Emergency Motion for an interim order authorizing the use of
cash collateral as provided in Budget plus a $15,000 per week
variance for necessary expenses of the wind down in accordance with
the proposed Interim Order.

Since the Trustee was forced to close Debtor's business operations
effective June 29, 2018, the Trustee and his professionals have
been working very hard to wind down the Debtor's business
operations. The Trustee wants to obtain approval of cash collateral
use for another short period for the winding down of Debtor's
business operations in compliance with requirements of local, state
and federal regulators.

The Trustee is negotiating with a potential purchaser for the
inventory, machinery and equipment located at the Debtor's leased
premises in Santa Clara, California. Under the expected proposed
transaction, the purchaser will assume the Debtor's environmental
cleanup obligations with respect to the Santa Clara Facility. The
Trustee also is in the process of making arrangements for the
removal and disposal of the inventory located in the Debtor’s
Mesquite, Texas and Stockton, California facilities.

The Trustee is still in the process for obtaining bids for the
equipment and the cleanup of the equipment and discussing the game
plan for the equipment continues. The Trustee also is working on
properly dealing with the SB 20 program to maximize the ability to
recover receivables due under that program. The use of cash
collateral will allow the Trustee to pay expenses necessary to
accomplish these tasks.

The Trustee is working with the DTSC regarding the status of the
inventory, machinery owned by the Debtor, as well as the condition
of the Premises located in the State of California. The DTSC has
informed the Trustee that any removal of Inventory or Equipment
from Leased Space in the State of California must be pursuant to an
approved plan by the DTSC.

The Trustee also believes that similar, but less stringent,
requirements may apply to Inventory and Equipment located at
Premises outside the State of California. The Trustee is working
with the DTSC to put together a plan that is acceptable to the DTSC
and, to the extent applicable with regulators of other states, to
(a) dispose of or remove properly the Inventory located at the
Premises, (b) handle properly the Equipment, and (c) clean, to the
extent applicable, the Premises.

It is the Trustee's understanding from the DTSC that the Inventory
must be removed first so the cleaning of the Equipment does not
contaminate the Inventory being removed (also some of the Inventory
is blocking access to the Equipment), then the Equipment must be
cleaned and removed, and then the Premises cleaned. Removal of the
Inventory, cleaning of Equipment, and cleaning and testing of the
Premises is necessary to recover approximately $600,000 in funds
Debtor has posted to secure proper clean up in the California and
Texas facility.

The Trustee has presented a cash collateral budget to SummitBridge
National Investments V LLC for its review and approval, and the
Trustee believes SummitBridge will consent to the proposed use of
its cash collateral on an interim basis.

SummitBridge asserts that as of the Petition Date, the Debtor was
indebted to SummitBridge in excess of $25,000,000, secured by a
valid and perfected first priority lien and security interest in
substantially all of Debtor's property and all proceeds (including
insurance) thereof.

The Trustee proposes to grant SummitBridge a replacement lien on
any and all post-petition assets of Debtor of the same kind and
character and to the same extent, validity and priority as
SummitBridge's pre-petition liens to the extent of use of cash
collateral.

In addition, the Trustee will grant SummitBridge an allowed
superpriority administrative claim pursuant to Section 507(b) of
the Bankruptcy Code, and provide that SummitBridge's liens continue
in the proceeds and profits of the Pre-Petition Collateral pursuant
to section 552(b) of the Bankruptcy Code.

A copy of the Eighth Emergency Cash Collateral Motion is available
at

           http://bankrupt.com/misc/caeb18-22453-441.pdf

                   About ECS Refining Inc.

ECS Refining, Inc. -- https://www.ecsrefining.com/ -- offers a full
suite of IT asset management and disposition solutions.  It
provides national brand protection solutions for environmental
services, IT asset management, data protection and end-of-life
electronic recycling services.  ECS was founded in 1980 by Jim and
Ken Taggart as a processor of post-manufacturing scrap and residues
for OEMs in the Silicon Valley.  

As the electronics industry enjoyed rapid growth and manufacturing
operations were outsourced to other parts of the world, ECS adapted
by shifting its focus to processing post-consumer electronics.  The
company has locations in Rogers, Arizona; Santa Clara, California;
Santa Fe Springs, California; Stockton, California; Columbus, Ohio;
Medford, Oregon; Portland, Oregon; and Mesquite, Texas.  

ECS Refining sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Cal. Case No. 18-22453) on April 24, 2018.  In
the petition signed by Jack Rockwood, president, the Debtor
estimated assets of $1 million to $10 million and liabilities of
$10 million to $50 million.  

Judge Robert S. Bardwil presides over the case.

The Debtor tapped Snell & Wilmer LLP as its legal counsel; Ringstad
& Sanders LLP as special counsel; and MCA Financial Group, Ltd., as
its financial advisor.

W. Donald Gieseke was appointed as the Chapter 11 Trustee.  The
Trustee hired Felderstein Fitzgerald Willoughby & Pascuzzi LLP as
his legal counsel.


ENPRO INDUSTRIES: S&P Raises ICR to 'BB', Outlook Stable
--------------------------------------------------------
S&P Global Ratings raised all of its ratings on Charlotte,
N.C.-based EnPro Industries Inc., including its issuer credit
rating to 'BB' from 'BB-'. The outlook is stable.

S&P said, "Our one-notch upgrade reflects EnPro's track record of
sustaining S&P-adjusted debt to EBITDA well below 4x, compared with
about 5x one year ago. EnPro has maintained relatively good
operating performance over the last 12 months, which includes
consistent revenue growth and (with the exception of the second
quarter of 2018) improving margins. We believe that these trends
will continue, which drives our base-case forecast that debt to
EBITDA will decline to around 2x in 2018. Still, while EnPro has
the ability to further reduce its debt leverage in subsequent
years, we believe a combination of expenditures for acquisitions
and share buybacks could increase S&P-adjusted debt to EBITDA up to
3x.

"S&P Global Ratings stable outlook on EnPro Industries Inc.
reflects our expectation that the company will maintain leverage
below 3x over the next 12 months and its operating performance will
remain consistent. It also reflects the possibility that leverage
could increase temporarily up to 4x as a result of acquisitions or
share repurchases.

"We could lower our rating on EnPro if debt-funded acquisitions and
share repurchases or weaker-than-expected operational performance
causes the company's debt to EBITDA to increase above 4x.

"Although unlikely given EnPro's relatively high exposure to
cyclical end markets, we could raise our ratings if the company
expanded into less cyclical businesses, which would lower the
potential for cash flow and leverage deterioration during
recessionary periods. In addition, we would expect the company to
commit to a financial policy that supports leverage remaining below
3x, even when incorporating acquisitions or share repurchases and
potential end market volatility."


ENVISION HEALTHCARE: S&P Cuts ICR to B+ & Rates New $550MM Debt BB
------------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating to 'B+' from
'BB-' on Envision Healthcare Corp (Envision) and removed the rating
from CreditWatch, where it was placed with negative implications on
June 11, 2018. The outlook is negative.

S&P said, "At the same time, we assigned a 'BB' rating to
Envision's new $550 million asset-based loan (ABL) facility due
2023. The recovery rating is '1' indicating our expectation for
very high (90%-100%; rounded estimate: 95%) recovery in the event
of a payment default.

"We assigned a 'B+' rating to Envision's new $300 million
first-lien revolving credit facility due 2023 and $5.1 billion
first-lien term loan due 2025. The recovery rating on the
first-lien debt is '3', reflecting expectations for meaningful
(50%-70%; rounded estimate: 65%) recovery in the event of a payment
default."

The rating actions are based on the significant increase in
Envision's leverage following the buyout of the company by KKR. S&P
said, "Our rating on Envision continues to reflect the company's
well-established market position in its segments, which in total
provide a broad continuum of clinical network solutions. Envision
is the largest participant in the U.S. health care staffing
industry. However, the company operates in highly competitive and
fragmented markets, and is susceptible to reimbursement risk. We
expect the staffing business to remain subject to some volatility."


Profitability growth will be constrained by weak patient volume
trends, and the company's efforts to expand its in-network
relationships with private insurance carriers could also lead to
margin contraction. Acquisitions will also remain a prominent part
of the business strategy.

S&P's negative outlook reflects its view that unforeseen setbacks
to the de-leveraging plan could result in leverage above 7x over
the longer term and result in a downgrade.


EPIC RETAIL: Taps Lennox Law as Special Litigation Counsel
----------------------------------------------------------
Epic Retail Fowler, LLC, seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire Lennox Law, P.A.
as its special litigation counsel.

The firm will represent the Debtor in a case styled Epic Retail
Fowler, LLC v. Zhangjin Xu (Case No. 2017 CA-001341, Division K)
pending in the Circuit Court of the Thirteen Judicial Circuit in
Hillsborough County, Florida.

Andrew Lennox, Esq., and Casey Reeder Lennox, Esq., the attorneys
who will be handling the case, will each charge an hourly fee of
$275.

Mr. Lennox, Esq., at Lennox Law, disclosed in a court filing that
no attorney in his firm represents any interest adverse or
potentially adverse to the Debtor and its estate.  

The firm can be reached through:

     Andrew W. Lennox, Esq.
     Lennox Law, P.A.
     5100 W. Kennedy Blvd., Suite 120
     Tampa, Florida 33609
     Office: 813-831-3800
     Direct Dial: 813-831-3808
     Fax: 813-749-9456
     E-mail: alennox@lennoxlaw.com

                   About Epic Retail Fowler LLC

Epic Retail Fowler, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-07794) on Sept. 14,
2018.  At the time of the filing, the Debtor estimated assets of $1
million to $10 million and liabilities of $1 million to $10
million.  Its principal assets are located at 5122 E. Fowler
Avenue, Tampa, Florida.  The Debtor tapped Stichter, Riedel, Blain
& Postler, P.A. as its legal counsel.


EPIC RETAIL: Taps Stichter Riedel as Legal Counsel
--------------------------------------------------
Epic Retail Fowler, LLC, seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire Stichter, Riedel,
Blain & Postler, P.A., as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; represent the Debtor in negotiations with
potential financing sources; assist in the preparation of a plan of
reorganization; and provide other legal services related to its
Chapter 11 case.

Stichter received $40,000 as a retainer for its post-petition
services as well as for the services it provided prior to its
bankruptcy filing.

Edward Peterson, III, Esq., at Stichter, disclosed in a court
filing that his firm is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Edward J. Peterson, Esq.
     Stichter Riedel Blain & Postler, P.A.
     110 East Madison Street, Suite 200
     Tampa, FL 33602
     Telephone: (813) 229-0144  
     Email: epeterson@srbp.com

                   About Epic Retail Fowler LLC

Epic Retail Fowler, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-07794) on September
14, 2018.  

At the time of the filing, the Debtor disclosed that it had
estimated assets of $1 million to $10 million and liabilities of $1
million to $10 million.  Its principal assets are located at 5122
E. Fowler Avenue, Tampa, Florida.

The Debtor tapped Stichter, Riedel, Blain & Postler, P.A. as its
legal counsel.


EQUINOX HOLDINGS: Moody's Affirms 'B2' CFR, Outlook Stable
----------------------------------------------------------
Moody's Investors Service affirmed its ratings for Equinox
Holdings, Inc., including the company's B2 Corporate Family Rating
and B2-PD Probability of Default Rating, along with the B1 and Caa1
senior secured first- and second-lien bank credit facility ratings,
respectively. The ratings outlook is stable.

The affirmation acknowledges that Equinox continues to report solid
key operating performance metrics such as comparable club revenue
growth, membership price increases and growth in total club count
and number of members, and Moody's expectation that these favorable
trends will continue. The affirmation also reflects Equinox's
strong cash flow generation, which mitigates to some extent its
very high leverage, with Moody's lease adjusted debt-to-EBITDA of 8
times.

The following rating actions were taken for Equinox Holdings, Inc.:


Corporate Family Rating, affirmed B2

Probability of Default Rating, affirmed B2-PD

$150 Million Senior Secured First Lien Revolving Credit Facility
due March 2022, affirmed B1 (LGD3)

$796 Million Senior Secured First Lien Term Loan due March 2024,
affirmed B1 (LGD3)

$200 Million Senior Secured Second Lien Term Loan due September
2024, affirmed Caa1 (LGD5)

Outlook, remains stable

RATINGS RATIONALE

The B2 Corporate Family rating broadly reflects Equinox's
well-recognized brand name among upscale fitness clubs,
consistently solid performance in key operating metrics such as
positive comparable-club revenue growth, steadily growing club
count, and an ability to maintain profitability at mature clubs
while increasing the price of monthly membership dues. The rating
is also supported by Moody's expectation of a moderate level of
industry growth over the next 12-18 months, supported by the US
economic expansion. Longer term positive fundamentals for the
fitness club industry such as its apparent under penetration and an
increased awareness of the importance of fitness provide additional
support. The ratings also incorporate Equinox's good liquidity and
expected growth in free cash flow generation over the forward
period.

Nevertheless, Equinox's ratings are constrained by its high
lease-adjusted debt-to-EBITDA of 8 times for the 12 months ended
June 30, 2018 and modest EBITA-to-interest of 1.1 times, levels
that are weak for both the B2 rating broadly and other similarly
rated fitness peers. Moody's views the highly fragmented and
competitive fitness club sector as having high business risk given
its low barriers to entry, exposure to cyclical shifts in
discretionary consumer spending, and high attrition rates. In
addition, Equinox's geographic concentration in New York City and
coastal California -- markets experiencing rapid minimum wage
increases -- is a credit constraint.

The stable ratings outlook reflects Moody's expectation that
Equinox will generate sufficient cash flow to fund new club
investments over the next 12 months while maintaining its good
liquidity profile. It also reflects that Moody's expects Equinox to
continue to generate positive comparable-club revenue growth while
maintaining its current level of attrition rates. Any deleveraging
will come from EBITDA growth, as Moody's does not expect permanent
debt reduction above and beyond required amortization on the first
lien senior secured term loan.

Ratings could be upgraded if the company can demonstrate sustained
high single-digit comparable-club revenue growth while executing on
its expansion strategy. An upgrade could also be supported by
debt-to-EBITDA approaching 5.0 times and EBITDA less maintenance
CapEx to interest exceeding 2.0 times.

Ratings could be downgraded if the company experiences a decline in
comparable-club sales growth or a weakening of its competitive
position. Lower ratings could also be considered if Equinox
experiences a deterioration in its liquidity profile.
Quantitatively, ratings could be downgraded should EBITDA less
maintenance capital expenditures fall below 1.25 times.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

Equinox Holdings, Inc., headquartered in New York, New York,
operates fitness facilities across the US under the Equinox and
Pure Yoga brands. In November 2016, it spun off Blink to its
shareholders, although it retains $66.4 million of Blink preferred
equity and as such the results of Blink are included in its
financial results as a variable interest entity. Equinox is
majority-owned by individuals and entities affiliated with Related
Companies, L.P., a privately held New York real estate firm, with L
Catterton and members of management holding a minority interest.
EHI's consolidated revenues were about $1.2 billion for the 12
months ended June 30, 2018. Unless otherwise specified, references
to "Equinox" herein refer to EHI's restricted group, which excludes
Blink Holdings, Inc., Furthermore, LLC, and Hotel Management, LLC.
For the 12 months ended June 30, 2018, Equinox generated total
revenues of approximately $1.1 billion.


FAITH FAMILY: S&P Alters Outlook to Stable on Weakened Liquidity
----------------------------------------------------------------
S&P Global Ratings revised its outlook to stable from positive on
Cameron Education Corp. and Higher Education Finance Corp., Texas'
charter school bonds, issued for Faith Family Academy Charter
School (FFA). At the same time, S&P Global Ratings affirmed its
'BB+' rating on the academy's existing debt.

"The outlook revision reflects our opinion that FFA's financial
performance metrics are more consistent with the current rating and
are not likely, when considered with the school's enterprise
profile, to improve to levels consistent with higher-rated peers'
over our one-year outlook horizon," said S&P Global Ratings credit
analyst Brian Marshall.

"We assess FFA's enterprise profile as adequate, with solid demand,
satisfactory academics, and a stable management team. We assess
FFA's financial profile as adequate, with weakened margins and
volatile operating performance in previous years following a lag in
state revenues accurately aligning with the average daily
attendance after a charter consolidation in 2016, coupled with
enrollment declines during that time."

The rating reflects S&P's view of:

-- The Texas Education Agency's (TEA) approval to consolidate the
district's two campuses under one charter;

-- FFA's achievement of "met standards" overall district
accountability and the highest possible Financial Integrity Rating
System of Texas score for fiscal 2015, fiscal 2016, and fiscal
2017;

-- The academy's acceptable demand profile, with an opportunity to
attract and retain students in a solid market;

-- Satisfactory debt service coverage for the rating level, which
could improve given FFA's historical operating performance and
limited debt plans; and

-- A moderate debt burden (maximum annual debt service
[MADS]-to-total revenues), with carrying charges and low debt per
student when compared with similarly rated peers.

Partially offsetting the above strengths, in S&P's opinion, are the
following:

-- Thin MADS coverage and low liquidity for the rating level based
on fiscal 2017 audited results, which we expect will materially
improve in fiscal years 2018 and 2019 due to improving enrollment
and higher state aid that more accurately captures student
attendance following FFA's charter consolidation in 2016;

-- A historically modest waiting list, and susceptibility to
enrollment fluctuations, including below-budget and
below-previous-year fall enrollment levels (although management
said that enrollment levels are projected to improve following a
marketing campaign and recent athletic department staff
additions);

-- Additional competition for pre-kindergarten and kindergarten,
with the local independent school district now receiving funding
for full-day pre-kindergarten; and

-- Risk, as with all charter schools, that the school can be
closed for nonperformance of its charter or for financial distress
before final maturity of the bonds.

FFA has two campuses, in south Dallas (Oak Cliff) and in
Waxahachie, 30 miles south of downtown Dallas. Most students attend
the Oak Cliff campus, which serves pre-K-12; Waxahachie serves
grades pre-K-8. For fall 2018, enrollment totaled about 2,800
students, up from 2,607 in fall 2016 and 2,630 in fall 2017.

S&P said, "The stable outlook reflects our expectation that FFA
will maintain stable enrollment trends, while exhibiting a
favorable debt profile over our one-year outlook horizon. We expect
the charter school will maintain a steady financial profile by
continuing to generate positive full-accrual surpluses, and
continue to reflect satisfactory academics that are consistent with
the rating.

"We could raise the rating if FFA's cash levels were to increase
materially, and if lease-adjusted MADS coverage improved and stayed
at levels more in line with higher-rated peers'. We would also view
favorably the academy's ability to consistently demonstrate healthy
demand profile characteristics with steady enrollment trends and
solid academics.

"We could lower the rating if enrollment declines significantly,
operations produce deficits, MADS coverage weakens, or cash on hand
decreases significantly compared with positive fiscal 2018
unaudited and fiscal 2019 budgeted results."


FERNLEY & FERNLEY: Taps McDowell Law as Counsel
-----------------------------------------------
Fernley & Fernley, Inc. seeks authority from the U.S. Bankruptcy
Court for the Eastern District of Pennsylvania to hire McDowell
Law, PC as counsel.

Professional services that McDowell Law, PC shall render are:

     a. provide the Debtor with legal advice with respect to its
powers and duties as debtor-in-possession;

     b. prepare on behalf of the Debtor or assisting Debtor in
preparing all necessary pleadings, motions, applications,
complaints, answers, responses, orders, trustee reports and other
legal papers;

     c. represent the Debtor in any matter involving contests with
secured or unsecured creditors, including the claims reconciliation
process;

     d. represent the Debtor in providing legal services required
to prepare, negotiate and implement a plan of reorganization; and

     e. perform all other legal services for the Debtor which may
be necessary, other than those requiring specialized expertise for
which special counsel, if necessary, may be employed.

Ellen M. McDowell, member of the law firm of McDowell Law, PC,
attests that his firm represents no interest materially adverse to
the Debtor with respect to the matters upon which the Firm is or
will be engaged and that the Firm is a disinterested person as set
forth in Sections 101(14) and 327 of the Bankruptcy Code.

McDowell Law's current, standard hourly rates are:

     Ellen M. McDowell   $425
     Daniel Reinganum    $275

On August 8, 2018, the Firm received a retainer of $20,000 in
preparation for filing the Chapter 11 bankruptcy.

The firm can be reached through:

     Ellen M. McDowell, Esq.
     McDowell Law, PC
     46 West Main Street
     Maple Shade, NJ 08052
     Phone: +1 856-482-5544

                    About Fernley & Fernley

Founded in 1886, Fernley & Fernley, Inc. is one of the most
distinguished association management companies in the nation.

Bases in Philadelphia, Pennsylvania, Fernley & Fernley, Inc. filed
a voluntary petition for relief under Chapter 11 of title 11,
United States Code (Bankr. E.D. Pa. Case No. 18-16122) on Sept. 14,
2018, estimating under $1 million in assets and liabilities.  Ellen
M. McDowell, Esq., at McDowell Law, PC, is the Debtor's counsel.


FRANK THEATRES: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Frank Theatres Tilton, LLC
        1003 W. Indiantown Rd #210
        Jupiter, FL 33458

Business Description: Frank Theatres Tilton, LLC operates a
                      movie theatre in Jupiter, Florida.

Chapter 11 Petition Date: September 20, 2018

Case No.: 18-21562

Court: United States Bankruptcy Court
       Southern District of Florida (West Palm Beach)

Judge: Hon. Erik P. Kimball

Debtor's Counsel: Bradley S. Shraiberg, Esq.
                  SHRAIBERG LANDAU & PAGE PA
                  2385 NW Executive Center Dr. #300
                  Boca Raton, FL 33431
                  Tel: (561) 443-0801
                        561 443 0800
                  Fax: (561) 998-0047
                  E-mail: bss@slp.law

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Bruce Frank, president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at:

          http://bankrupt.com/misc/flsb18-21562.pdf


FREEPORT-MCMORAN INC: S&P Raises ICR to 'BB', Outlook Stable
------------------------------------------------------------
S&P Global Ratings Services raises its issuer credit rating on
Phoenix-based Freeport-McMoRan Inc. to 'BB' from 'BB-'. The outlook
is stable.

S&P said, "At the same time, we raised the issue-level rating on
the company's senior unsecured debt to 'BB' from 'BB-'. The
recovery rating on the debt remains '3', indicating our expectation
of meaningful (50% to 70%; rounded estimate 60%) recovery in the
event of a payment default.

"This upgrade reflects our view that the Heads of Agreement among
Freeport, Rio Tinto, and Inalum (PT Indonesia Asahan Aluminium –
an Indonesian state-owned enterprise) is a significant step towards
securing the ability to operate in Indonesia over the long term."
This, along with the update on the mine plan, provides some clarity
around the Indonesian operations including the Grasberg mine,
which, accounts for an outsized proportion of operating income.

The stable outlook reflects S&P Global Ratings' expectation that
Freeport's adjusted leverage will remain below 4x over the next two
years, even with lower gold and copper volumes, a lower copper
price assumption, capital expenditures, and increasing costs as the
company moves underground from the Grasberg open pit mine. S&P
said, "As such, we expect leverage will rise from currently low
levels, potentially finishing 2019 at about 2x-3x. We assume the
agreement among Freeport, Rio Tinto and the Indonesian government
will entrench the proposed ownership and operating conditions."

S&P said, "We could downgrade Freeport if we expected adjusted
leverage to be sustained above 4x. This could happen if further
adjustments in the mine plan at the Grasberg mine led to
lower-than-anticipated production volumes and higher costs amid
declining copper prices, such that adjusted EBITDA fell below $2.8
billion. Alternatively, we might lower the rating if we expected
DCF to debt to remain below 5%, which could happen if the
divestment agreement resulted in economics that reduced Freeport's
discretionary cash flow.

"We would consider an upgrade if we expected Freeport's adjusted
leverage to remain below 2x, particularly with additional clarity
in Indonesia including: Freeport and the Indonesian government
finalizing the terms for ensuring the special mining permit;
understanding how the divestment affects governance, reporting, and
financial policy; and the timeline and impact for building the new
smelter."


FROM DUSK TIL DAWN: Taps Mark Gertner PC as Attorney
----------------------------------------------------
From Dusk Til Dawn LLC seeks authority from United States
Bankruptcy Court for the       District of New Jersey (Newark) to
hire Mark Gertner, Esq. and Mark Gertner, P.C. as attorneys.

Mark Gertner will file and prepare petitions, schedules, reports
and documents and will attend meetings and court.

Mark Gertner will charge $400 per hour for his services.
Prepetition, the Debtor paid $1,717 for the filing fee and $3,283
as legal fee for the preparation and filing of the petition.

Mark Gertner, Esq., member of Mark Gertner, P.C., attests that his
firm does not hold or represent and adverse interest to the estate
and is disinterested under 11 U.S.C. Sec 101(14).

The counsel can be reached through:

     Mark Gertner, Esq.
     MARK GERTNER, P.C.
     76 South Orange Avenue, Suite 104
     South Orange, NJ 07079
     Tel: 973-763-4446
     E-mail: mark@gertnerlaw.com
             theoffice@gertnerlaw.com

                   About From Dusk Til Dawn

From Dusk Til Dawn LLC filed as a Single Asset Real Estate (as
defined in 11 U.S.C. Section 101(51B)).  The Company owns two
properties in Irvington, New Jersey valued by the Company at
$200,000.

From Dusk Til Dawn LLC filed a voluntary Chapter 11 Petition
(Bankr. D.N.J. Case No. 18-26927) on August 23, 2018. The petition
was signed by Brandon Zaleski, managing member.

Judge John K. Sherwood presides over the case.

Mark Gertner, Esq. at MARK GERTNER, P.C. is the Debtor's counsel.

At the time of filing, the Debtor estimates $209,234 in total
assets and $1,042,723 in total liabilities.


GB SCIENCES: Ksenia Griswold Gets Additional Role of COO
--------------------------------------------------------
Ksenia Griswold was appointed chief operations officer of GB
Sciences, Inc., effective Sept. 21, 2018, replacing Krin Ellery
"Kevin" Kuethe who had been serving in that capacity.  Effective
the same day, Mr. Kuethe was appointed senior vice president of
cultivation.  Ms. Griswold will also continue to serve as the chief
financial officer of the Company.  Compensation arrangements for
Ms. Griswold and Mr. Kuethe with regard to their new appointments
are being negotiated.

Ms. Griswold has been serving as the controller of the Company
since November 2015 and was appointed chief financial officer on
Aug. 4, 2016.  For the five years prior to November 2015, beginning
in October 2010, she worked in the Las Vegas, Nevada office of
Ernst & Young, LLP.  At the time of her departure from Ernst &
Young, she was audit manager.  Ms. Griswold is 35 years of age.

Mr. Kuethe has been serving as the COO of the Company since
November 2017.  Mr. Kuethe is recognized as a leader nationwide for
his extensive knowledge in the cannabis industry.  In addition to
overseeing development of production, retail, and cultivation
operations on behalf of the Company, Mr. Kuethe has ensured the
Company's compliance with regulatory and operational requirements
and manages two state-of-the-art medical cannabis cultivation
facilities that total over 42,000 sq. ft.  He has also been
responsible for the development of operational design and vendor
relationships.

Mr. Kuethe has participated in all phases of development within the
medical marijuana industry.  Prior to joining the Company in June
2016, he setup, built out, and acquired approved licensing to
manage and operate the fasted growing, state licensed cultivation
and retail dispensary facilities in state of Arizona.  He
simultaneously designed and managed state-compliant facilities for
the production of medical marijuana edibles and concentrates, and
other dispensary services approved by the states of Arizona and
California.  In addition to providing operational roadmaps to
ensure proven large scale commercial cannabis cultivation success,
profitability, and compliance with regulatory standards, Mr. Kuethe
has consulted and participated in various equity financing
transactions which led him to own several successful businesses
within the broad range of cannabis-industry support services and
products.  Mr. Kuethe's facilities showcase the cutting-edge
industry technology as well as provide key education to the county
and state regarding finance, operations, and public interface.  Mr.
Kuethe is 33 years of age.

                       About GB Sciences

Las Vegas, Nevada-based GB Sciences, Inc., formerly Growblox
Sciences, Inc., is developing and utilizing state of the art
technologies in plant biology, cultivation and extraction
techniques, combined with biotechnology, and plans to produce
consistent and measurable medical-grade cannabis, cannabis
concentrates and cannabinoid therapies.  The Company seeks to be an
innovative technology and solution company that converts the
cannabis plant into medicines, therapies and treatments for a
variety of ailments.

GB Sciences reported a net loss of $23.16 million for the 12 months
ended March 31, 2018, compared to a net loss of $10.08 million for
the 12 months ended March 31, 2018.  As of June 30, 2018, the
Company had $28.26 million in total assets, $8.37 million in total
liabilities and $19.88 million in total equity.

Soles, Heyn & Company, LLP's audit opinion included in the
company's Annual Report on Form 10-K for the year ended March 31,
2018 contains a going concern explanatory paragraph stating that
the Company had accumulated losses of approximately $58,230,000,
has generated limited revenue, and may experience losses in the
near term.  These factors and the need for additional financing in
order for the Company to meet its business plan, raise substantial
doubt about its ability to continue as a going concern.


GB SCIENCES: Registers 65 Million Common Shares with the SEC
------------------------------------------------------------
GB Sciences, Inc., has filed a Form S-1 registration statement with
the Securities and Exchange Commission to register the resale of
55,016,312 shares of common stock of the Company by certain selling
stockholders who may acquire such shares upon the exercise of
warrants.  The Company is also registering an additional 10,000,000
shares of common stock to issued in exchange for business
consulting and financing services.  While the Company will receive
the proceeds from the exercise of the warrants, the Selling
Stockholders will receive all of the proceeds from the sale of the
Warrant Shares.  GB Sciences will pay all expenses incident to the
registration of the shares under the Securities Act of 1933, as
amended.

At the present time the Company's common stock is listed on the
OTCQB under the symbol GBLX.  The Selling Stockholders will sell
the shares at prevailing market prices or at privately negotiated
prices.  The additional 10,000,000 shares being registered will be
issued in exchange for business consulting and financing services.


A full-text copy of the Form S-1 prospectus is available for free
at:

                      https://is.gd/czWBri

                       About GB Sciences

Las Vegas, Nevada-based GB Sciences, Inc., formerly Growblox
Sciences, Inc., is developing and utilizing state of the art
technologies in plant biology, cultivation and extraction
techniques, combined with biotechnology, and plans to produce
consistent and measurable medical-grade cannabis, cannabis
concentrates and cannabinoid therapies.  The Company seeks to be an
innovative technology and solution company that converts the
cannabis plant into medicines, therapies and treatments for a
variety of ailments.

GB Sciences reported a net loss of $23.16 million for the 12 months
ended March 31, 2018, compared to a net loss of $10.08 million for
the 12 months ended March 31, 2017.  As of June 30, 2018, the
Company had $28.26 million in total assets, $8.37 million in total
liabilities and $19.88 million in total equity.

Soles, Heyn & Company, LLP's audit opinion included in the
company's Annual Report on Form 10-K for the year ended March 31,
2018 contains a going concern explanatory paragraph stating that
the Company had accumulated losses of approximately $58,230,000,
has generated limited revenue, and may experience losses in the
near term.  These factors and the need for additional financing in
order for the Company to meet its business plan, raise substantial
doubt about its ability to continue as a going concern.


GULF FINANCE: Bank Debt Trades at 17% Off
-----------------------------------------
Participations in a syndicated loan under which Gulf Finance LLC is
a borrower traded in the secondary market at 83.06
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 3.13 percentage points from
the previous week. Gulf Finance pays 525 basis points above LIBOR
to borrow under the $1.15 billion facility. The bank loan matures
on August 25, 2023. Moody's rates the loan 'B3' and Standard &
Poor's gave a 'B' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, September 7.


HARLAND CLARKE: Bank Debt Trades at 6% Off
------------------------------------------
Participations in a syndicated loan under which Harland Clarke
Holdings Corporation is a borrower traded in the secondary market
at 93.69 cents-on-the-dollar during the week ended Friday,
September 7, 2018, according to data compiled by LSTA/Thomson
Reuters MTM Pricing. This represents an increase of 0.47 percentage
points from the previous week. Harland Clarke pays 475 basis points
above LIBOR to borrow under the $1.78 billion facility. The bank
loan matures on November 3, 2023. Moody's rates the loan 'B1' and
Standard & Poor's gave a 'B+' rating to the loan. The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, September 7.


HAUSER ESTATE: Trustee Taps John P. Neblett as Attorney
-------------------------------------------------------
John P. Neblett, Trustee, Hauser Estate Inc., d/b/a Hauser Estate
Winery d/b/a Jack's Hard Cider, seeks authority from the U.S.
Bankruptcy Court for the District of Pennsylvania to retain John P.
Neblett, Esq., as attorney for the Trustee.

The professional services that the attorney will render are:

     a. prepare on behalf of Applicant the necessary petitions,
orders, reports and other papers required for the administration of
the estate;

     b. use his general knowledge of the law and legal proceedings
throughout the administration of the estate and to make reference
to the Bankruptcy Code and report on a regular basis;

     c. perform all of the legal services of the Debtor.

Mr. Neblett will charge $300 per hour for his services and $100.00
per hour for legal assistants, plus reasonable costs and expenses.

John P. Neblett, Esq. attests that he does not represent any
interests adverse to the estate and is a disinterested person
within the meaning of Section 101(14) of the Bankruptcy Code.

The counsel can be reached through:

     John P. Neblett, Esq.
     P.O. Box 490
     Reedsville, PA 17084
     Phone: 717-667-7185
     Fax: 717-620-3469
     E-mail: jpn@neblettlaw.com

                      About Hauser Estate

Hauser Estate, Inc. -- http://www.hauserestate.com/-- is a
beverage manufacturing company based in Gettysburg, Pennsylvania.
It has been established as an alternative agri-tourism venture with
an underground winery production facility located beneath its
tasting room.

Hauser Estate sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Pa. Case No. 18-03201) on July 31, 2018.  In the
petition signed by Jonathan Patrono, president, the Debtor
disclosed $4,953,085 in assets and $5,679,837 in liabilities. Judge
Robert N. Opel II presides over the case.  The Debtor tapped CGA
Law Firm as its legal counsel.


HELIX GEN: Bank Debt Trades at 5% Off
-------------------------------------
Participations in a syndicated loan under which Helix Gen Funding
LLC is a borrower traded in the secondary market at 95.38
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.34 percentage points from
the previous week. Helix Gen pays 425 basis points above LIBOR to
borrow under the $1.675 billion facility. The bank loan matures on
June 2, 2024. Moody's rates the loan 'Ba2' and Standard & Poor's
gave a 'BB' rating to the loan. The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday,
September 7.


HOOK LINE: Carl Brady Leaves Creditor's Committee
-------------------------------------------------
Carl Brady, Jr. is no longer a member of the official committee of
unsecured creditors in the Chapter 11 case of Hook Line & Sinker,
Inc., according to a Sept. 19 notice filed by Gregory Garvin,
acting U.S. trustee for Region 18, with the U.S. Bankruptcy Court
for the District of Alaska.

The remaining committee members are:

     (1) Teya Technologies LLC
         Ron Perry  
         101 E. 9th Avenue, Suite 9B
         Anchorage, AK 99501
         Phone: 907-339-4901
         Email: ron.perry@teyatech.com

     (2) Southern Glazers Wine & Spirits of Alaska
         Marsha Dettorre
         11400 SE 8th Street, Suite 300
         Bellevue, WA 98004
         Phone: 425-456-3526
         Email: marsha.dettorre@odomcorp.com

                  About Hook Line & Sinker Inc.

An involuntary petition was filed against Hook Line & Sinker, Inc.
(Bankr. D. Alaska Case No. 17-00415) on December 5, 2017.  Judge
Gary Spraker presides over the case.  David H. Bundy, Esq., is the
Debtor's bankruptcy counsel.

The Office of the Trustee appointed an official committee of
unsecured creditors on March 13, 2018.  The committee tapped Landye
Bennett Blumstein LLP as its legal counsel.


HOPEWELL PROMOTIONS: Oct. 22 Disclosure Statement Hearing
---------------------------------------------------------
Judge David E. Rice of the U.S. Bankruptcy Court for the District
of Maryland issued an amended order fixing Hopewell Promotions,
Inc.'s disclosure statement hearing for October 22, 2018, at 1:00
P.M.  The deadline to oppose the disclosure statement is October
16.

Class 10 under the plan consists of all Allowed Unsecured Claims.
Allowed Unsecured Claims against the Debtor will receive treatment
as follows: Beginning on the first day of the first full month that
is at least 30 days after the Effective Date, the Debtor will pay
monthly payments into a Class 10 Claim Fund for 36 months in the
amount of $2,000 per month for total Class 10 Claim distributions
of $72,000. Disbursements from the Class 10 Fund will be made
quarterly, beginning on the first day of the first full calendar
quarter after the Effective Date. Class 10 Claims are impaired.

Funds required for the implementation of the Plan will come from
the Debtor's net post-confirmation disposable income and from funds
on hand at confirmation.

The Debtor's projections indicate that the Debtor will be able to
make the payments undertaken in the Plan and that there is no
likelihood of the further need for financial rehabilitation of the
Debtor. Debtor anticipates that sales of the jewelry sets are
likely to remain stable during the repayment period under the
Plan.

A full-text copy of the Disclosure Statement is available for free
at:

     http://bankrupt.com/misc/mdb17-27167-57.pdf

                  About Hopewell Promotions

Hopewell Promotions, Inc., is a privately held company based in
Randallstown, Maryland, that operates jewelry stores.  Hopewell
Promotions filed a Chapter 11 petition (Bankr. D. Md. Case No.
17-27167) on Dec. 26, 2017.  In the petition signed by Harvey
Bernstein, its president, the Debtor estimated $100,000 to $500,000
in assets and $1 million to $10 million in liabilities.  Ronald J.
Drescher, Esq., at Drescher & Associates, P.A., serves as
bankruptcy counsel.


HUSKY INJECTION: Bank Debt Trades at 5% Off
-------------------------------------------
Participations in a syndicated loan under which Husky Injection
Moldings is a borrower traded in the secondary market at 94.81
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents an increase of 0.46 percentage points from
the previous week. Husky Injection pays 300 basis points above
LIBOR to borrow under the $2.10 billion facility. The bank loan
matures on March 15, 2025. Moody's rates the loan 'B2' and Standard
& Poor's gave a 'B' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, September 7.


IMPERIAL METALS: Moody's Cuts CFR to Caa3, Outlook Remains Negative
-------------------------------------------------------------------
Moody's Investors Service downgraded Imperial Metals Corporation's
Corporate Family rating to Caa3 from Caa2, downgraded and appended
a limited default designation (LD) to Imperial Metals Corporation's
Probability of Default (PDR) rating to Caa3-PD/LD from Caa2-PD, and
affirmed its Caa3 senior unsecured rating and its SGL-4 speculative
grade liquidity rating. Imperial's outlook remains negative.

Moody's views the extension of the maturity dates of Imperial's
first lien senior credit facility (to February 15, 2019 from
October 1, 2018), its second lien credit facility (to February 15,
2019 from December 1, 2018) and its $26 million bridge loan (to
February 28, 2019 from January 5, 2019) as a distressed exchange
and limited default under Moody's definition of default. The
maturity extension represented a distressed exchange because loss
and default avoidance were present as part of the extension.

"The downgrade reflects Moody's view that a restructuring is likely
to occur in the near future as most of its debt matures in February
and March 2019, leverage is near 10x, and a special committee of
the Board has been formed to look at all strategic alternatives"
said Jamie Koutsoukis, Moody's vice-president.

Downgrades:

Issuer: Imperial Metals Corporation

Probability of Default Rating, Downgraded to Caa3-PD /LD from
Caa2-PD

Corporate Family Rating, Downgraded to Caa3 from Caa2

Outlook Actions:

Issuer: Imperial Metals Corporation

Outlook, Remains Negative

Affirmations:

Issuer: Imperial Metals Corporation

Speculative Grade Liquidity Rating, Affirmed SGL-4

Senior Unsecured Regular Bond/Debenture, Affirmed Caa3 (LGD4)

RATINGS RATIONALE

Imperial Metals (Caa3 negative) is constrained by an untenable
capital structure, with LTM adjusted debt/EBITDA around 9.6x (at
Q2/18), most of its CAD$856 million of debt due in the next six
months, continuing negative free cash flow and a lack of liquidity,
and the announcement by the company that it is looking at strategic
alternatives. Though the Red Chris mine has been in commercial
production since July 2015 and the Mount Polley mine resumed normal
operations in June 2016 following its tailing dam breach, Imperial
has had continuing operational challenges, such as a temporary
failure in the ball mill at Red Chris in May 2018. The company
continues to generate negative free cash flow (negative CAD$39
million LTM Q2/18) because of the weaker production levels.
Additionally, the company is exposed to commodity price volatility,
particularly copper. The Red Chris and Mount Polley mines benefit
from locations in a favorable mining jurisdiction (Canada), long
reserve lives, and metal diversity (2017 revenues were 69% from
copper and 30% from gold).

Imperial's liquidity is weak (SGL-4). Moody's believes Imperial's
CAD$856 million in debt will likely be addressed in one
restructuring, as most of it matures within a year. It's revolving
credit facilities and bridge loan mature in February 2019, and its
US$325 million senior unsecured notes and junior credit facility
mature in March 2019. Imperial had cash of CAD$16 million at June
18 and Imperial consumed CAD$39 million in free cash flow for the
twelve months ending June 2018.

The negative outlook reflects Moody's view that at 9.6x adjusted
LTM debt/EBITDA, Imperial's capital structure is untenable, and
that all of its CAD$856 million in debt is likely to be
restructured.

The Caa3 rating of the $325 million senior unsecured notes reflects
a one notch upward override from the LGD model implied rating,
reflecting there may be better than expected recoveries on the debt
due to market interest in copper projects.

A downgrade in rating would occur if Moody's expects an imminent
default.

An upgrade in rating would require Imperial to successfully address
all of its upcoming debt maturities.

The principal methodology used in these ratings was Mining
published in September 2018.

Imperial Metals Corporation wholly-owns Red Chris and Mount Polley
- both open pit copper/ gold mines located in British Columbia,
Canada, and 100% of Huckleberry (on care and maintenance), an open
pit copper mine also located in British Columbia. Revenues in 2017
were CAD$453 million.


J CREW GROUP: Secures $25M Additional Financing from MUFG Union
---------------------------------------------------------------
J.Crew Group, Inc., Chinos Intermediate Holdings B, Inc., Bank of
America, N.A., as administrative agent and as collateral agent, and
the lenders entered into a Sixth Amendment to Credit Agreement,
which modifies the Company's asset-based revolving credit facility.
The Sixth Amendment amends the ABL Facility to increase the
revolving credit commitment.

The Sixth Amendment increases the revolving credit commitment under
the ABL Facility from $350,000,000 to $375,000,000.  The additional
$25,000,000 is provided by MUFG Union Bank, N.A., which joins the
ABL Facility as an additional lender.

A full-text copy of the Sixth Amendment to Credit Agreement is
available for free at https://is.gd/8zTubw

                      About J.Crew Group

J.Crew Group, Inc. -- http://www.jcrew.com/-- is an
internationally recognized omni-channel retailer of women's, men's
and children's apparel, shoes and accessories.  As of Aug. 28,
2018, the Company operates 229 J.Crew retail stores, 122 Madewell
stores, jcrew.com, jcrewfactory.com, madewell.com, and 175 factory
stores (including 42 J.Crew Mercantile stores).

J.Crew Group incurred a net loss of $124.95 million for the year
ended Feb. 3, 2018, compared to a net loss of $23.51 million for
the year ended Jan. 28, 2017.  As of Aug. 4, 2018, the Company had
$1.23 billion in total assets, $2.42 billion in total liabilities
and a total stockholders' deficit of $1.18 billion.


JAMES B MORRIS FARMS: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: James B. Morris Farms, Inc.
          dba Morris Farms
          dba Jim Morris Farms, Inc.
        2735 Wakelon Road
        Colerain, NC 27924

Business Description: James B. Morris Farms, Inc. is a privately
                      held company that operates in the crop
                      farming industry.

Chapter 11 Petition Date: September 21, 2018

Case No.: 18-04675

Court: United States Bankruptcy Court
       Eastern District of North Carolina
       (Greenville Division)

Judge: Hon. Stephani W. Humrickhouse

Debtor's Counsel: David J. Haidt, Esq.
                  AYERS & HAIDT, P.A.
                  PO Box 1544
                  New Bern, NC 28563
                  Tel: (252) 638-2955
                  Fax: 252 638-3293
                  Email: davidhaidt@embarqmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by James B. Morris, president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at:

         http://bankrupt.com/misc/nceb18-04675.pdf


JB3 GROUP: Case Summary & Unsecured Creditor
--------------------------------------------
Debtor: JB3 Group, LLC
        3225 Turtle Creek Blvd, Suite 2202
        Dallas, TX 75219

Business Description: JB3 Group, LLC filed as a Single Asset
                      Real Estate Debtor (as defined in 11
                      U.S.C. Section 101(51B)).

Chapter 11 Petition Date: September 20, 2018

Case No.: 18-33077

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Debtor's Counsel: Eric A. Liepins, Esq.
                  ERIC A. LIEPINS, P.C.
                  12770 Coit Rd., Suite 100
                  Dallas, TX 75251
                  Tel: (972) 991-5591
                  E-mail: eric@ealpc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Fayeza Bahhur, managing member.

The Company lists Vector Group as its sole unsecured creditor
holding a claim of $24,000.

A full-text copy of the petition is available for free at:

            http://bankrupt.com/misc/txnb18-33077.pdf


JC PENNEY: Bank Debt Trades at 8% Off
-------------------------------------
Participations in a syndicated loan under which JC Penney
Corporation is a borrower traded in the secondary market at 91.53
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents an increase of 0.69 percentage points from
the previous week. JC Penney pays 425 basis points above LIBOR to
borrow under the $1.688 billion facility. The bank loan matures on
June 23, 2023. Moody's rates the loan 'B1' and Standard & Poor's
gave a 'B' rating to the loan. The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday,
September 7.


JEP REALTY: Case Summary & Unsecured Creditor
---------------------------------------------
Debtor: JEP Realty, LLC
        1718 Alexandria Drive, Suite 101
        Lexington, KY 40504

Business Description: JEP Realty, LLC is a privately held
                      real estate agency in Lexington, Kentucky.

Chapter 11 Petition Date: September 20, 2018

Case No.: 18-51712

Court: United States Bankruptcy Court
       Eastern District of Kentucky (Lexington)

Judge: Hon. Tracey N. Wise

Debtor's Counsel: Jamie L. Harris, Esq.
                  DELCOTTO LAW GROUP PLLC
                  200 North Upper Street
                  Lexington, KY 40507
                  Tel: (859) 231-5800
                  Email: jharris@dlgfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by John E. Pappas, member.

The Company lists Kevin J. Bozee, CPA as its sole unsecured
creditor holding a claim of $10,066.

A full-text copy of the petition is available for free at:

             http://bankrupt.com/misc/kyeb18-51712.pdf


JOHN T. LESLIE: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
Henry G. Hobbs, Jr., U.S. Trustee for Region 7, on Sept. 18
disclosed in a court filing that no official committee of unsecured
creditors has been appointed in the Chapter 11 case of John T.
Leslie II, Inc.

                     About John T. Leslie II

John T. Leslie II, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Texas Case No. 18-34162) on July 31,
2018.  At the time of the filing, the Debtor estimated assets of
less than $100,000 and liabilities of less than $1 million.
Margaret M. McClure, Esq., at the Law Office of Margaret M. McClure
serves as the Debtor's bankruptcy counsel.  Judge Marvin Isgur
presides over the case.


KENMETAL LLC: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Kenmetal, LLC
           dba Kenwood Manor
        Two Buckhead Plaza
        3050 Peachtree Rd. NW, Suite 570
        Atlanta, GA 30305

Business Description: Kenmetal, LLC is a healthcare
                      provider/organization whose principal assets
                      are located in Enid, Oklahoma.

Chapter 11 Petition Date: September 21, 2018

Case No.: 18-65903

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: Theodore N. Stapleton, Esq.
                  THEODORE N. STAPLETON, P.C.
                  Suite 100-B
                  2802 Paces Ferry Road
                  Atlanta, GA 30339
                  Tel: (678) 361-6211
                       (770) 436-3334
                  Fax: (404) 935-5344
                  Email: tstaple@tstaple.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Christopher F. Brogdon, managing
member.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at:

         http://bankrupt.com/misc/ganb18-65903.pdf


KEY AUTOMOTIVE: Taps Thompson Law Group as Legal Counsel
--------------------------------------------------------
Key Automotive, Inc., seeks approval from the U.S. Bankruptcy Court
for the Western District of Pennsylvania to hire Thompson Law
Group, P.C. as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; prosecute actions on behalf of the Debtor to
protect its bankruptcy estate; assist in negotiation with its
creditors; and provide other legal services related to its Chapter
11 case.

The firm's attorney charge an hourly fee of $250.  Paralegals
charge $90 per hour.

Prior to the petition date, Thompson received a retainer of $5,717
from the Debtor.

Brian Thompson, Esq., at Thompson, disclosed in a court filing that
his firm is "disinterested" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Brian C. Thompson, Esq.
     Thompson Law Group, P.C.
     125 Warrendale-Bayne Road, Suite 200       
     Warrendale, PA 15086       
     Tel: (724) 799-8404
     Fax: (724) 799-8409      
     E-mail: bthompson@thompsonattorney.com

                    About Key Automotive Inc.

Key Automotive, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 18-23477) on August 31,
2018.  At the time of the filing, the Debtor estimated assets of
less than $1 million and liabilities of less than $500,000.  Judge
Carlota M. Bohm presides over the case.  The Debtor tapped Thompson
Law Group, P.C. as its legal counsel.


KING'S MOUNTAIN: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: King's Mountain Resort, Inc.
        PO Box 4066
        Hidden Valley, PA 15502

Business Description: King's Mountain Resort is a destination for
                      individuals interested in hiking, biking,
                      white water rafting, skiing, hunting,
                      fishing, golfing or just relaxing.

Chapter 11 Petition Date: September 21, 2018

Case No.: 18-70696

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Johnstown)

Judge: Hon. Jeffery A. Deller

Debtor's Counsel: Corey J. Sacca, Esq.
                  BONONI & COMPANY, P.C.
                  20 North Pennsylvania Ave.
                  Greensburg, PA 15601
                  Tel: 724-832-2499
                  Fax: 724-836-0370
                  E-mail: csacca@bononilaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Frank Al Bock, president.

The Debtor stated it has no unsecured creditors.

A full-text copy of the petition is available for free at:

            http://bankrupt.com/misc/pawb18-70696.pdf


KIRK'S FRAMING: Taps Adam Law Group as Legal Counsel
----------------------------------------------------
Kirk's Framing, Inc., seeks approval from the U.S. Bankruptcy Court
for the Middle District of Florida to hire Adam Law Group, P.A. as
its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; represent the Debtor in negotiations with its
creditors; assist in the preparation of a plan of reorganization;
and provide other legal services related to its Chapter 11 case.

Thomas Adam, Esq., and Ashtin Henninger, Esq., the attorneys who
will be handling the case, will charge $350 per hour and $250 per
hour, respectively.

Adam Law Group received a retainer of $7,717, of which $1,717 was
used to pay the filing fee.

Mr. Adam, a partner at Adam Law Group, disclosed in a court filing
that he and his firm are "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Thomas C. Adam, Esq.
     Adam Law Group, P.A.
     301 W. Bay Street, Suite 1430
     Jacksonville, FL 32202
     Phone: (904)329-7249
     Email: tadam@adamlawgroup.com

                    About Kirk's Framing Inc.

Kirk's Framing, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-03244) on September
14, 2018.  At the time of the filing, the Debtor estimated assets
of less than $100,000 and liabilities of less than $500,000.


LANDS' END: Bank Debt Trades at 3% Off
--------------------------------------
Participations in a syndicated loan under which Lands' End is a
borrower traded in the secondary market at 96.60
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents an increase of 0.84 percentage points from
the previous week. Lands' End pays 325 basis points above LIBOR to
borrow under the $515 million facility. The bank loan matures on
April 4, 2021. Moody's rates the loan 'B3' and Standard & Poor's
gave a 'B-' rating to the loan. The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday,
September 7.


LANNETT CO: Bank Debt Trades at 17% Off
---------------------------------------
Participations in a syndicated loan under which Lannett Co Inc. is
a borrower traded in the secondary market at 83.21
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents an increase of 2.35 percentage points from
the previous week. Lannett Co pays 538 basis points above LIBOR to
borrow under the $635 million facility. The bank loan matures on
November 20, 2022. Moody's rates the loan 'B3' and Standard &
Poor's gave a 'B' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, September 7.


LDE HOLDINGS: Hires Derbes Law Firm, LLC as Counsel
---------------------------------------------------
LDE Holdings, LLC, seeks authority from the U.S. Bankruptcy Court
for the Eastern District of Louisiana to hire Albert J. Derbes, IV
and The Derbes Law Firm, L.L.C., as Debtor's counsel.

The professional services that the DLF will render are:

     (a) attend meetings with representatives of its creditors and
other parties in interest;

     (b) take all necessary action to protect and preserve the
Debtor’s estate, including the prosecution of actions on the
Debtor's behalf, the defense of any action commenced against the
Debtor, negotiations concerning litigation in which the Debtor is
or may become involved, and objections to claims to be filed by the
estate;

     (c) prepare on behalf of the Debtor motions, applications,
answers, orders, reports, and papers necessary to the
administration of the estate;

     (d) negotiate and prepare the Debtor's behalf a plan of
reorganization, disclosure statement, and all related agreements
and/or documents, and taking any necessary action on behalf of the
Debtor to obtain confirmation of such plan;

     (e) appear before this Court to protect the interests of the
Debtor before this Court;

     (f) perform all other necessary legal services and provide all
necessary legal advice to the Debtor in connection with this
Chapter 11 case;

     (g) commence and conduct litigation necessary and appropriate
to assert rights held by the Debtor, protect assets of the Debtor's
Chapter 11 estate or otherwise further the goal of completing the
Debtor's successful reorganization.

Derbes Law Firm, L.L.C.'s published, normal rates for the year 2018
are:

     Albert J. Derbes, IV, Esq.          $350
     Eric J. Derbes, Esq.                $350
     Wilbur J. "Bill" Babin, Jr., Esq.   $375
     Beau P. Sagona, Esq.                $350
     Melanie M. Mulcahy, Esq.            $300
     Frederick L. Bunol, Esq.            $285
     Jared S. Scheinuk, Esq.             $190
     Bryan J. O'Neill, Esq.              $175
     Hugh J. Posner, C.P.A.              $200
     Notary                               $80
     Paralegal(s)                         $80
     Legal Assistant                      $60

Albert J. Derbes, IV, member of The Derbes Law Firm, L.L.C.,
attests that DLF is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Albert J. Derbes, IV
     Jared S. Scheinuk
     THE DERBES LAW FIRM, LLC
     3027 Ridgelake Drive
     Metairie, LA 70002
     Phone: (504) 837-1230
     Fax: (504) 832-0323

                          About LDE Holdings

Based in New Orleans, Louisiana, LDE Holdings filed a voluntary
petition for relief under Chapter 11 of Title 11 of
the United States Code (Bankr. E.D. La. Case No. 18-12425) on Sept.
13, 2018, listing under $1 million in assets and liabilities.
Albert J. Derbes, IV, Esq., at The Derbes Law Firm, L.L.C., is
counsel to the Debtor.


LEGACY RESERVES: Amends Loan Agreements to Allow Notes Redemption
-----------------------------------------------------------------
Legacy Reserves LP has entered into the Eleventh Amendment to the
Third Amended and Restated Credit Agreement, dated as of April 1,
2014 among the Company, the guarantors, Wells Fargo Bank, National
Association, as administrative agent and the lenders and entered
into the Sixth Amendment to the Term Loan Credit Agreement, dated
as of Oct. 30, 2017, among the Company, the guarantors, Cortland
Capital Market Services LLC, as administrative agent, and the
lenders.

The Credit Agreement Amendment and the Term Loan Amendment amend
certain provisions set forth in the Credit Agreement and the Term
Loan Credit Agreement, respectively, to, among other things, permit
Legacy and its subsidiaries to redeem certain senior notes or
permitted refinancing debt of those senior notes with any
combination of the following: (i) proceeds of certain permitted
refinancing debt; (ii) net cash proceeds of any sale of equity
interests (other than disqualified capital stock) of the Company;
and/or (iii) in exchange for equity interests (other than
disqualified capital stock) of the Company.

              8% Convertible Senior Notes due 2023

As previously announced, on Sept. 14, 2018, Legacy Reserves LP,
Legacy Reserves Finance Corporation, and Legacy Reserves Inc.,
entered into privately negotiated exchange agreements with certain
holders of the Issuers' 8.000% Senior Notes due 2020 and 6.625%
Senior Notes due 2021, pursuant to which the Issuers exchanged (i)
$21.004 million aggregate principal amount of the 2020 Senior Notes
for $21.004 million aggregate principal amount of the Issuers' new
8% Convertible Senior Notes due 2023 and 105,020 shares of the
Company's common stock, par value $0.01, and (ii) $109 million
aggregate principal amount of the 2021 Senior Notes for $109
million aggregate principal amount of New Notes.

The Issuers and the Company offered the New Notes and Common Stock
in reliance on the exemption from registration provided by Section
4(a)(2) of the Securities Act of 1933, as amended.  The Issuers
issued the New Notes pursuant to an Indenture, dated as of Sept.
20, 2018, by and between the Issuers, the guarantors party thereto
and Wilmington Trust, National Association.

The New Notes mature on Sept. 20, 2023, unless earlier repurchased
or redeemed by the Issuers or converted.  On or before Dec. 1,
2018, the New Notes are subject to redemption for cash, in whole or
in part, at the Issuers' option, at a redemption price equal to
102% of the principal amount of the New Notes to be redeemed, plus
any accrued and unpaid interest.  Thereafter, the New Notes are
subject to redemption for cash, in whole or in part, at the
Issuers' option at a redemption price equal to 100% of the New
Notes to be redeemed, plus any accrued and unpaid interest.  In
addition, the Issuers are required to make an offer to holders of
the New Notes upon a change of control at a price equal to 101%,
plus any accrued and unpaid interest, and an offer to holders of
the New Notes upon consummation by the Issuers or any restricted
subsidiaries of certain asset sales at a price equal to 100%, plus
any accrued and unpaid interest.

The New Notes bear interest at a rate of 8% per annum, payable
semi-annually in arrears on June 1st and December 1st of each year,
beginning on Dec. 1, 2018.  The New Notes rank pari passu with the
Issuers' existing and future senior debt.  The New Notes are
effectively subordinated to the existing and future secured
indebtedness of the Issuers to the extent of the value of the
collateral securing those obligations and structurally subordinated
to the existing and future indebtedness of the Issuers'
subsidiaries.  The New Notes were issued at par.

The New Notes are convertible into shares of Common Stock at an
initial conversion rate of 166.6667 shares per $1,000 principal
amount of New Notes, which is equal to an initial conversion price
of $6.00 per share of Common Stock.

The New Notes are convertible, at the option of the holders, into
shares of Common Stock at any time from the date of issuance up
until the close of business on the earlier of (i) the business day
prior to the date of a mandatory conversion notice, (ii) with
respect to a New Note called for redemption, the business day
immediately preceding the redemption date or (iii) the business day
immediately preceding the Maturity Date.  In addition, if a holder
exercises its right to convert on or prior to Sept. 19, 2019, such
holder will receive an early conversion payment, in cash, per
$1,000 principal amount as follows:

                                                Early
   Early Conversion Date              Conversion Payment   
   ---------------------                   ------------------
   Sept. 20, 2018 through Nov. 30, 2018      $80.00   
   Dec. 1, 2018 through May 31, 2019       $64.22   
   June 1, 2019 through September 19, 2019      $24.22   

Subject to compliance with certain conditions, the Issuers have the
right to mandatorily convert all of the New Notes if the volume
weighted average price of the Common Stock equals or exceeds the
conversion price for at least 20 trading days (whether or not
consecutive) during any period of 30 consecutive trading days
commencing on or after the initial issuance date.

The New Notes are guaranteed by the Company, Legacy Reserves GP,
LLC, a Delaware limited liability company and the general partner
of the Partnership, and certain subsidiaries of the Partnership.

The Indenture contains customary covenants that restrict the
Company's ability and the ability of certain of its subsidiaries
to, among other things: (i) sell assets; (ii) declare or pay any
dividend or distributions on, or repurchase or redeem equity
interests, provided that such subsidiaries may pay dividends to the
holders of their equity interests and the Company may pay
distributions to the holders of their equity interests subject to
certain conditions; (iii) incur or guarantee additional
indebtedness or issue preferred units; (iv) create or incur certain
liens; (v) enter into agreements that restrict distributions or
other payments from certain of the subsidiaries to the Company;
(vi) consolidate, merge or transfer all or substantially all of the
Company's assets; (vii) engage in certain transactions with
affiliates; (viii) create unrestricted subsidiaries; and (ix)
engage in certain business activities. These covenants are subject
to a number of important exceptions and qualifications. If at any
time when the New Notes are rated investment grade by each of
Moody's Investors Service, Inc. and Standard & Poor's Ratings
Services and no Default (as defined in the Indenture) has occurred
and is continuing, many of such covenants will terminate and the
Company and its subsidiaries will cease to be subject to such
covenants.

The Indenture also contains customary Events of Default.  Each of
the following is an Event of Default: (i) default for 30 days in
the payment when due of interest on the New Notes; (ii) default in
payment when due of the principal of, or premium, if any, on the
New Notes; (iii) failure by the Company or the Partnership to
comply with certain covenants relating to merger, consolidation,
sale of assets or change of control; (iv) failure by the Company or
the Partnership for 180 days after notice to comply with its
reporting obligations under the Securities Exchange Act of 1934, as
amended; (v) failure by the Company or the Partnership for 60 days
after notice to comply with any of the other agreements in the
Indenture; (vi) default under any mortgage, indenture or instrument
governing any indebtedness for money borrowed or guaranteed by the
Company or any of its restricted subsidiaries, whether such
indebtedness or guarantee now exists or is created after the date
of the Indenture, if such default: (a) is caused by a payment
default; or (b) results in the acceleration of such indebtedness
prior to its stated maturity, and, in each case, the principal
amount of the indebtedness, together with the principal amount of
any other such indebtedness under which there has been a payment
default or acceleration of maturity, aggregates $15.0 million or
more, subject to a cure provision; (vii) failure by the Company or
any of its restricted subsidiaries to pay final judgments
aggregating in excess of $15.0 million, which judgments are not
paid, discharged or stayed for a period of 60 days; (viii) except
as permitted by the Indenture, any subsidiary guarantee is held in
any judicial proceeding to be unenforceable or invalid or ceases
for any reason to be in full force or effect, or any guarantor, or
any person acting on behalf of any guarantor, denies or disaffirms
its obligations under its subsidiary guarantee; and (ix) certain
events of bankruptcy, insolvency or reorganization described in the
Indenture with respect to the Issuers or any of the Company's
restricted subsidiaries that is a significant subsidiary or any
group of restricted subsidiaries that, taken together, would
constitute a significant subsidiary. Upon a continuing Event of
Default, the Trustee, by notice to the Issuers, or the holders of
at least 25% in principal amount of the then outstanding New Notes,
by notice to the Issuers and the trustee, may declare the New Notes
immediately due and payable, except that an Event of Default
resulting from certain events of bankruptcy, insolvency or
reorganization with respect to the Issuers, any restricted
subsidiary of the Company that is a significant subsidiary or any
group of its restricted subsidiaries that, taken together, would
constitute a significant subsidiary of the Company, will
automatically cause the New Notes to become immediately due and
payable.

The Common Stock issued pursuant to the Exchange Agreements and the
Common Stock issuable upon conversion of the New Notes have been
reserved for issuance by the Issuers and are expected to be listed
on the NASDAQ Global Select Market.      

                    About Legacy Reserves LP

Legacy Reserves LP -- http://www.LegacyLP.com/-- is a master
limited partnership headquartered in Midland, Texas, focused on the
development of oil and natural gas properties primarily located in
the Permian Basin, East Texas, Rocky Mountain and Mid-Continent
regions of the United States.

Legacy Reserves reported a net loss attributable to unitholders of
$72.89 million in 2017, a net loss attributable to unitholders of
$74.82 million in 2016, and a net loss attributable to unitholders
of $720.5 million in 2015.  As of June 30, 2018, Legacy Reserves
had $1.51 billion in total assets, $1.76 billion in total
liabilities and a total partners' deficit of $250.98 million.

                           *    *    *

Moody's Investors Service affirmed Legacy Reserves LP's Corporate
Family Rating (CFR) at 'Caa2' and its senior unsecured notes rating
at 'Caa3'.  Legacy's 'Caa2' CFR reflects the company's high
leverage, weak liquidity and significant debt refinancing risk, as
reported by the TCR on Jan. 26, 2018.


LEGACY RESERVES: Completes Corporate Reorganization
---------------------------------------------------
Legacy Reserves LP has completed its corporate reorganization,
pursuant to which the unitholders and holders of preferred units of
the Partnership became stockholders of Legacy Reserves Inc., which
will be a publicly-traded corporation.  At the Partnership's
special meeting held on Sept. 19, 2018, unitholders approved the
merger agreement with approximately 99% of the votes cast.
Additionally, the unitholders approved the Legacy 2018 Omnibus
Incentive Plan but did not approve the classification of the Board
of Directors of Legacy, which results in the Board of Directors of
Legacy having a single class of directors.

Paul T. Horne, the chairman of the Board and chief executive
officer of Legacy, commented, "Today marks two important
milestones: first, the final step in our organization's multi-year
transition to a C-Corporation and, second, another critical
achievement that positions this company for enduring success.  We
are grateful for the support of our stakeholders and are excited
about the opportunity to build long-term shareholder value."

Legacy will ring the Nasdaq Stock Market Opening Bell on Friday,
Sept. 21, 2018, following which, shares of Legacy are to begin
trading on the Nasdaq Global Select Market under the symbol "LGCY,"
which is the same symbol the Partnership's units traded under prior
to the Transaction.  The ceremony, which commemorates the
completion of the Transaction, will take place between 9:15 and
9:30 a.m. ET and will stream live online at
https://new.livestream.com/nasdaq/live.    

                     About Legacy Reserves LP

Legacy Reserves LP -- http://www.LegacyLP.com/-- is a master
limited partnership headquartered in Midland, Texas, focused on the
development of oil and natural gas properties primarily located in
the Permian Basin, East Texas, Rocky Mountain and Mid-Continent
regions of the United States.

Legacy Reserves reported a net loss attributable to unitholders of
$72.89 million in 2017, a net loss attributable to unitholders of
$74.82 million in 2016, and a net loss attributable to unitholders
of $720.5 million in 2015.  As of June 30, 2018, Legacy Reserves
had $1.51 billion in total assets, $1.76 billion in total
liabilities and a total partners' deficit of $250.98 million.

                           *    *    *

Moody's Investors Service affirmed Legacy Reserves LP's Corporate
Family Rating (CFR) at 'Caa2' and its senior unsecured notes rating
at 'Caa3'.  Legacy's 'Caa2' CFR reflects the company's high
leverage, weak liquidity and significant debt refinancing risk, as
reported by the TCR on Jan. 26, 2018.


LEGACY RESERVES: Equity Securities Delisted from Nasdaq
-------------------------------------------------------
The Nasdaq Stock Market LLC filed a Form 25 with the Securities and
Exchange Commission regarding the removal from listing or
registration of Legacy Reserves LP's Units Representing Limited
Partner Interests; 8% Series A Fixed-to-Floating Rate Cumulative
Redeemable Perpetual Preferred Units; 8.00% Series B
Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred
Units.

Pursuant to the Amended and Restated Agreement and Plan of Merger,
at the effective time of the Merger, (i) each outstanding unit
representing a limited partner interest in the Partnership was
converted into the right to receive one share of Common Stock, (ii)
each outstanding 8% Series A Fixed-to-Floating Rate Cumulative
Redeemable Perpetual Preferred Unit representing a limited partner
interest in the Partnership  was converted into the right to
receive 2.92033118 shares of Common Stock, with any rights to
accumulated and unpaid distributions discharged, and (iii) each
outstanding 8% Series B Fixed-to-Floating Rate Cumulative
Redeemable Perpetual Preferred Unit representing a limited partner
interests in the Partnership  were converted into the right to
receive 2.90650421 shares of Common Stock, with any rights to
accumulated and unpaid distributions discharged.

                   About Legacy Reserves LP

Legacy Reserves LP -- http://www.LegacyLP.com/-- is a master
limited partnership headquartered in Midland, Texas, focused on the
development of oil and natural gas properties primarily located in
the Permian Basin, East Texas, Rocky Mountain and Mid-Continent
regions of the United States.

Legacy Reserves reported a net loss attributable to unitholders of
$72.89 million in 2017, a net loss attributable to unitholders of
$74.82 million in 2016, and a net loss attributable to unitholders
of $720.5 million in 2015.  As of June 30, 2018, Legacy Reserves
had $1.51 billion in total assets, $1.76 billion in total
liabilities and a total partners' deficit of $250.98 million.

                           *    *    *

Moody's Investors Service affirmed Legacy Reserves LP's Corporate
Family Rating (CFR) at 'Caa2' and its senior unsecured notes rating
at 'Caa3'.  Legacy's 'Caa2' CFR reflects the company's high
leverage, weak liquidity and significant debt refinancing risk, as
reported by the TCR on Jan. 26, 2018.


LEGACY RESERVES: S&P Cuts Issuer Credit Rating to CC, Outlook Neg.
------------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Midland,
Texas-based Legacy Reserves LP to 'CC' from 'CCC'. S&P said, "At
the same time, we affirmed the issue-level ratings on the company's
secured second-lien debt at 'CCC' (with a recovery rating of '3')
and on the unsecured debt at 'CC'(with a recovery rating of '6').
The outlook is negative."

The downgrade follows the company's announcement that it has
entered into privately negotiated exchange agreements with certain
holders representing a combined $130 million of its 8.0% senior
notes due 2020 and 6.625% senior notes due 2021, for $130 million
of new 8% convertible notes due 2023 plus 105,000 shares of common
stock. The exchange will include:

-- Approximately $21 million in aggregate principal amount of the

company's 8% senior notes due 2020 for approximately $21 million of
new 8% convertible notes due 2023 plus 105,000 shares of common
stock; and

-- Approximately $109 million in aggregate principal amount of the
company's 6.625% senior notes due 2021 for approximately $109
million of new 8% convertible notes due 2023.

S&P said, "The negative outlook reflects our expectation that
holders of a portion of the company's unsecured notes due 2020 and
unsecured notes due 2021 will exchange the securities for new
convertible notes due 2023 and equity at what we consider to be
less value than the original promise of the securities. Should this
occur, we will lower the issuer credit rating to 'SD'.

"We would lower our issuer credit rating on Legacy Reserves to 'SD'
upon the transaction taking place.

"We could raise the issuer credit rating if the transaction is not
executed."


LEHMAN BROTHERS: Winding Down LBI on Final Phase of Completion
--------------------------------------------------------------
James W. Giddens, Trustee for the liquidation of Lehman Brothers
Inc. (LBI) under the Securities Investor Protection Act (SIPA) and
of the law firm Hughes Hubbard & Reed LLP, on Sept. 17 reported on
the state of the LBI estate to the United States Bankruptcy Court
for the Southern District of New York, the Honorable Shelley C.
Chapman, presiding.  The Trustee reported that the estate is in the
final phase of completion.

"Since I was before you a year ago, significant progress has been
made in resolving remaining claims and winding down the estate,"
Mr. Giddens said at the Bankruptcy Court hearing.  "Customer claims
have been fully satisfied -- with most customer claims fulfilled
within weeks of the liquidation beginning in 2008.  Secured,
priority, and administrative creditors have also received 100%
distributions."

The Trustee stated that general creditors last week received their
sixth distribution, bringing the cumulative payout on allowed
unsecured general creditor claims to 39.75 percent, far exceeding
initial expectations.  He added there are no remaining disputed
customer claims. Distributions on allowed customer claims are
complete, and the customer estate is closed.

"There is no doubt that Lehman was the single biggest test of the
SIPA statute, and ten years later even our harshest critics
acknowledge that this test has become the statute's greatest
success," Mr. Giddens also noted.

Of the approximately 140,000 claims that were asserted at the
beginning of this liquidation, there are no remaining disputed
customer claims and the only remaining unresolved general claims
matter is a single consolidated adversary proceeding addressing 381
claims filed by former LBI employees seeking payment of deferred
compensation.  

"Through all of the reform following the financial crisis, our
nation's law for resolving a failed broker dealer -- for returning
customers their property -- remains intact.  No governmental funds
-- nor any from the SIPC Fund—were required to pay any customer
claims or administrative expense in this case. This is a testament
not only to the statute, but to everyone in this room, and many
more around the world who played a part. I am grateful to SIPC and
to the Courts for the privilege of playing a small role in this
success," Mr. Giddens concluded.

In total the Trustee has administered more than $123 billion of
assets.  This massive and unprecedented recovery effort was made
possible by the active involvement of SIPC, the SEC, the CFTC,
FINRA, the Federal Reserve NY Office and other regulators that
provided substantial support and guidance, and of course, the
judicious oversight of the United States Bankruptcy Court.

The Trustee is represented by Hughes Hubbard & Reed LLP. A full
report has been submitted to the Court and can also be found on the
Trustee's website.

                       About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more than
150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
disclosed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in U.S.
history.  Several other affiliates followed thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset LLC
sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases were assigned to Judge James M. Peck.
Judge Shelley Chapman took over the case after Judge Peck retired
from the bench to join Morrison & Foerster.

A team of Weil, Gotshal & Manges, LLP, lawyers led by the late
Harvey R. Miller, Esq., serve as counsel to Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, served
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., served as the
Committee's investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant to
the provisions of the Securities Investor Protection Act (Case No.
08-CIV-8119 (GEL)).  James W. Giddens was appointed as trustee for
the SIPA liquidation of the business of LBI.  He is represented by
Hughes Hubbard & Reed LLP.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

                          *     *     *

As of March 2018, the trustee for LBI has made sixth interim
distributions in the aggregate amount of at least $9 billion.  The
distributions bring total general unsecured creditor claim
recoveries to 39.75%, an achievement far in excess of any
reasonable expectation during the midst of Lehman's collapse and
the financial crisis of the Great Recession.  As of March 31, 2018,
the Trustee has allowed or settled 4,813 general creditor claims
with an aggregate asserted amount of $70.1 billion for an allowed
amount of $22.9 billion.

As for LBHI, following the 15th distribution announced by the team
winding down LBHI in March 2018, Lehman's total distributions to
unsecured creditors will amount to approximately $124.6 billion.
The actual distributions to bondholders are already way above the
projected recovery 21 cents on the dollar when Lehman's bankruptcy
plan went into effect in early 2012.


LIONS GATE: Egan-Jones Lowers Senior Unsecured Ratings to BB-
-------------------------------------------------------------
Egan-Jones Ratings Company, on September 12, 2018, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Lions Gate Entertainment Corporation to BB- from
BB.

Lions Gate Entertainment Corporation, doing business as Lionsgate,
is an American entertainment company. It was formed on July 10,
1997, in Vancouver, British Columbia, Canada and is currently
headquartered in Santa Monica, California.


LUBY'S INC: Obtains a Waiver of Default Under its Credit Agreement
------------------------------------------------------------------
Luby's, Inc. entered into the Third Amendment to Credit Agreement
on Aug. 24, 2018, amending the Credit Agreement dated as of Nov. 8,
2016, as amended by the Second Amendment to Credit Agreement dated
as of April 20, 2018, by and among the Company, the other credit
parties, the lenders and Wells Fargo Bank, National Association, as
administrative agent for the lenders.

The Third Amendment amends the interest rate on LIBOR rate loans
(LIBOR + applicable margin) to (i) LIBOR + 6.50% from the effective
date of the Third Amendment through the date the term loan has been
paid in full in cash and (ii) LIBOR + 5.50% from the date following
the date the term loan has been paid in full in cash and
thereafter.  The interest rate on base rate loans is 100 basis
points less than the applicable margin for LIBOR rate loans.

Pursuant to the Third Amendment, the lenders agreed to waive the
existing events of default as of the effective date of the Third
Amendment resulting from any breach of certain financial covenants
or the limitation on maintenance capital expenditures, in each case
that may have occurred during the period from and including May 9,
2018 until the effective date of the Third Amendment, and any
related events of default.  Additionally, the lenders agreed to
waive the requirements that the Company comply with certain
financial covenants until Dec. 31, 2018.

The Third Amendment requires the Company to make mandatory
principal prepayments upon certain asset dispositions as follows:
(i) 50% of the first $12 million of net cash proceeds from asset
dispositions received by the Company; (ii) 75% of the next $8
million of net cash proceeds from asset dispositions received by
the Company; and (iii) 100% of all net cash proceeds in excess of
the first $20 million of net cash proceeds from asset dispositions
received by the Company, in each case from and after the effective
date of the Third Amendment.

A full-text copy of the Amended Credit Agreement is available for
free at https://is.gd/1cD22g

                          About Luby's

Luby's, Inc. (NYSE: LUB) operates 160 restaurants nationally as of
June 6, 2018: 86 Luby's Cafeterias, 67 Fuddruckers, seven
Cheeseburger in Paradise restaurants.  Luby's is the franchisor for
109 Fuddruckers franchise locations across the United States
(including Puerto Rico), Canada, Mexico, the Dominican Republic,
Panama, and Colombia.  Additionally, a licensee operates 36
restaurants with the exclusive right to use the Fuddruckers
proprietary marks, trade dress, and system in certain countries in
the Middle East.  The Company does not receive revenue or royalties
from these Middle East restaurants.  Luby's Culinary Contract
Services provides food service management to 25 sites consisting of
healthcare, corporate dining locations, and sports stadiums.

Luby's reported a net loss of $23.26 million for the year ended
Aug. 30, 2017, compared to a net loss of $10.34 million for the
year ended Aug. 31, 2016.  As of June 6, 2018, the Company had
$208.95 million in total assets, $94.91 million in total
liabilities, and $114.03 million of total shareholders' equity.

The Company sustained a net loss of approximately $14.6 million and
approximately $31.7 million in the quarter ended and three quarters
ended June 6, 2018, respectively.  Cash flow from operations has
declined to a use of cash of approximately $4.9 million in the
three quarters ended June 6, 2018.  The working capital deficit is
magnified by the reclassification of the Company's approximate
$44.0 million debt under it's Credit Agreement from long-term to
short-term due to the debt's May 1, 2019 maturity date.  As of June
6, 2018, the Company was in default of certain of its Credit
Agreement financial covenants.

"The Company's continuation as a going concern is dependent on its
ability to generate sufficient cash flows from operations to meet
its obligations and obtain alternative financing to refund and
repay the current debt owed under it's Credit Agreement.  The above
conditions raise substantial doubt about the Company's ability to
continue as a going concern," the Company stated in its Quarterly
Report for the period ended June 6, 2018.


MASSA'S RESTAURANT: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
The Office of the U.S. Trustee on Sept. 18 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Massa's Restaurant, Inc.

                    About Massa's Restaurant

Massa's Restaurant, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 18-34119) on July 29,
2018.  At the time of the filing, the Debtor estimated assets of
less than $50,000 and liabilities of less than $50,000.   William
G. Harris, Esq., at the Law Office of William G. Harris serves as
the Debtor's bankruptcy counsel.  Judge Jeff Bohm presides over the
case.


MCGRAW-HILL GLOBAL: Bank Debt Trades at 4% Off
----------------------------------------------
Participations in a syndicated loan under which McGraw-Hill Global
Education Holdings LLC is a borrower traded in the secondary market
at 96.07 cents-on-the-dollar during the week ended Friday,
September 7, 2018, according to data compiled by LSTA/Thomson
Reuters MTM Pricing. This represents an increase of 0.77 percentage
points from the previous week. McGraw-Hill pays 400 basis points
above LIBOR to borrow under the $1.575 billion facility. The bank
loan matures on May 2, 2022. Moody's rates the loan 'B1' and
Standard & Poor's gave a 'B+' rating to the loan. The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, September 7.


MEMENTO MORI: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Memento Mori, LLC
           dba Tonic Remedies
           fdba Mayton Landlord, LLC (46-3120618)
           dba The Verandah
           fdba King's Daughter Landlord, LLC (90-0394661)
           dba The King's Daughters Inn
           fdba Kings Daughter Tenant, LLC (80-0200938)
           fdba DMC Historic Restoration, LLC (26-1448359)
           dba Rhea Hospitality
           dba The Mayton Inn
        301 S. Academy Street
        Cary, NC 27511

Business Description: Memento Mori, LLC is a privately held
                      company that operates a network of
                      hospitality properties in North Carolina.

Chapter 11 Petition Date: September 20, 2018

Court: United States Bankruptcy Court
       Eastern District of North Carolina
       (Raleigh Division)

Case No.: 18-04661

Judge: Hon. David M. Warren

Debtor's Counsel: Jason L. Hendren, Esq.
                  HENDREN, REDWINE & MALONE, PLLC
                  4600 Marriott Drive, Suite 150
                  Raleigh, NC 27612
                  Tel: 919 573-1422
                       919 420-7867
                  Fax: 919 420-0475
                  Email: jhendren@hendrenmalone.com

                    - and -

                  Rebecca F. Redwine, Esq.
                  HENDREN REDWINE & MALONE, PLLC
                  4600 Marriott Drive, Suite 150
                  Raleigh, NC 27612
                  Tel: 919 420-0941
                  Fax: 919 420-0475
                  Email: rredwine@hendrenmalone.com

Total Assets: $24,198,540

Total Liabilities: $20,809,509

The petition was signed by Colin Crossman, manager.

A full-text copy of the petition is available for free at:

            http://bankrupt.com/misc/nceb18-04661.pdf

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Allen Grading Co, Inc.                 Judgment           $60,419

Ashworth Family                     Business Loan         $25,000
Limited Partnership

Brian S. Garrett                    Business Loan         $40,000

Catherine Jernigan                  Business Loan         $27,803

Citi Bank                          Credit Card Debt       $33,196

Dr. Craig Stevens                   Business Loan         $68,640

Hal K. Bowman                       Business Loan         $50,000

Herbert A. Gardner, Jr.             Business Loan         $50,000

Internal Revenue Service         Federal Withholding     $175,747

Joan Austin                         Business Loan         $28,775

Lester A. Coggins, Jr.              Business Loan         $67,458

MBID                                Business Loan        $143,137

Morningstar Law Group                 Legal Fees          $27,998

NC Department of Revenue          State Withholding       $23,889

Northwoods Associates, LP           Business Loan        $125,000

PhD Posters, LLC                    Business Loan         $25,000

Susquehanna Salt                                         $107,873
Lake, LLC

The Sheltering                      Business Loan        $138,716
Home Circle

Wake County Dept.                 2018 Real Estate        $82,153
of Revenue                             taxes

William Hearn                       Business Loan        $386,064
2151 Huron Drive
Aiken, SC 29803


MESOBLAST LIMITED: Tasly Gets All Approvals for Investment Deal
---------------------------------------------------------------
Tasly Pharmaceutical Group has successfully obtained all necessary
approvals, including the Safe Administration of Foreign Exchange,
required for closing the investment agreement and the development
and collaboration agreement with Mesoblast Limited to commercialize
cell therapies for cardiovascular diseases in China.

                         About Mesoblast

Headquartered in Melbourne, Australia, Mesoblast Limited (ASX:MSB;
Nasdaq:MESO) -- http://www.mesoblast.com/-- is a global developer
of innovative cell-based medicines.  The Company has leveraged its
proprietary technology platform to establish a broad portfolio of
late-stage product candidates with three product candidates in
Phase 3 trials - acute graft versus host disease, chronic heart
failure and chronic low back pain due to degenerative disc disease.
Through a proprietary process, Mesoblast selects rare mesenchymal
lineage precursor and stem cells from the bone marrow of healthy
adults and creates master cell banks, which can be industrially
expanded to produce thousands of doses from each donor that meet
stringent release criteria, have lot to lot consistency, and can be
used off-the-shelf without the need for tissue matching.  Mesoblast
has facilities in Melbourne, New York, Singapore and Texas and is
listed on the Australian Securities Exchange (MSB) and on the
Nasdaq (MESO).

Mesoblast reported a net loss attributable to the owners of
Mesoblast of US$35.29 million for the year ended June 30, 2018,
compared to a net loss attributable to the owners of Mesoblast of
US$76.81 million for the year ended June 30, 2017.  As of June 30,
2018, Mesoblast had US$692.4 million in total assets, US$146.4
million in total liabilities and US$546.0 million in total equity.

PricewaterhouseCoopers, in Melbourne, Australia, the Company's
auditor since 2008, issued a "going concern" opinion in its report
on the consolidated financial statements for the year ended June
30, 2018.  The auditors noted that the Company has suffered
recurring losses from operations that raise substantial doubt about
its ability to continue as a going concern.


MESSER INDUSTRIES: Moody's Rates Sr. Secured Credit Facility 'B1'
-----------------------------------------------------------------
Moody's Investors Service assigned first-time ratings to Messer
Industries GmbH, including a B1 Corporate Family Rating and B1
ratings to proposed $2.85 billion Senior Secured Term Loans.
Proceeds will be used to help fund the acquisition of industrial
gas assets subject to regulatory-driven divestiture by Linde AG.
Moody's also assigned a B1 rating to a proposed $450 million
revolving credit facility which is expected to be undrawn at
closing. The rating outlook is stable.

"Messer Industries will be smaller and more leveraged than other
rated industrial gas companies, but will benefit from the inherent
stability of the industry and should start generating meaningful
free cash flow in 2020," said Ben Nelson, Moody's Vice President --
Senior Credit Officer and lead analyst for Messer Industries GmbH.


Assignments:

Issuer: Messer Industries GmbH

Probability of Default Rating, Assigned B1-PD

Corporate Family Rating, Assigned B1

Senior Secured Bank Credit Facility, Assigned B1 (LGD4)

Issuer: Messer Industries USA, Inc.

Senior Secured Bank Credit Facility, Assigned B1 (LGD4)

Outlook Actions:

Issuer: Messer Industries GmbH

Outlook, Assigned Stable

RATINGS RATIONALE

Messer will be formed by combining Messer Group's industrial assets
located in Western Europe with a major part of Linde and Praxair's
industrial gas assets in North America and certain assets in South
America. The purchase price of $3.3 billion represents about a 9
times multiple of EBITDA, as defined by management, and will be
contingent on the completion of the merger between US-based
industrial gas firm Praxair and German-based industrial gas firm
Linde expected to close in the fourth quarter of 2018. Messer Group
has previous experience running industrial gas business in the
Americas until its sale of its business to Air Liquide in 2004.
Messer Group will be the majority owner with slightly more than
half of the equity in the combined company achieved through the
contribution of Messer Group's industrial assets located in Western
Europe and private equity firm CVC Capital Partners will be the
minority owner with slightly less than half of the equity achieved
through a cash contribution of $650 million. The majority of the
purchase price for the assets from Linde will be funded with the
proceeds of the proposed $2.85 billion in new secured debt.

Moody's believes that management will attempt to enhance
profitability to levels commensurate with rated industrial gas
peers but will have a somewhat limited strategic option set
compared to other rated industrial gas producers due to its smaller
scale and leveraged balance sheet -- most significantly, the
company will not prioritize competing for large scale on-site
business over the rating horizon. The combined company's business
is somewhat fragmented with most earnings and cash flow generated
from North America, where the Americas management will be based
going forward, and additional operations in other major regions.
Key end markets include bulk, food and beverage, and medical
applications. The merchant market segment where the company will
attempt to expand its presence is the most competitive and most
exposed to cyclicality.

The B1 CFR is principally constrained by high financial leverage,
moderate size and scale compared to rated industrial gas peers,
carve-out risk in the medium term, and longer-term risks associated
with private equity ownership. The rating incorporates the
financial strength of the majority owner, Messer Group (unrated),
though the proposed financing will be obtained on a non-recourse
basis, and more significant incentives to reduce leverage over the
next five years compared to other deals with significant ownership
by private equity sponsors. The rating also benefits from the
inherent characteristics of the industrial gas industry, good
market positions in key geographies, expected strengthening in free
cash flow in the medium term, and good liquidity.

Moody's estimates adjusted pro-forma interest coverage in the low 3
times (EBITDA/Interest) and adjusted financial leverage in the high
5 times (Debt/EBITDA; excluding anticipated cost savings) for the
twelve months ended June 30, 2018. Management expects to achieve
meaningful de-leveraging over the next several years that will
reduce adjusted financial leverage to the low 5 times on a pro
forma basis. Moody's expects that the company will generate roughly
$525-550 million of adjusted EBITDA in 2019, clearly in excess of
cash interest of $160-170 million and normalized capital spending
near $200 million. Moody's does not expect meaningful free cash
flow generation in 2019, due to a combination of transition-related
costs and growth-related capital spending, but expects that the
company will start generating more meaningful free cash flow in
2020. Anticipated cumulative free cash flow below 15% of debt over
the next three years will challenge the company's ability to
substantially reduce debt unless it pursues a public offering.

The stable outlook assumes that the company will make meaningful
progress toward stabilizing its cost structure as a standalone
company, substantially complete its growth capital projects,
maintain key customer relationships, preserve good liquidity during
the transition, and reduce adjusted financial leverage toward 5
times by early 2020. Moody's could upgrade the rating with
expectations for adjusted financial leverage sustained below 4.5
times, retained cash flow-to-debt sustained above 10% (RCF/Debt),
and at least $100 million of free cash flow in the following four
quarters. Moody's could downgrade the rating with expectations for
adjusted financial leverage above 5.5 times, significant cash
consumption, or meaningful deterioration in liquidity.

The principal methodology used in these ratings was Chemical
Industry published in January 2018.

Messer Industries will be an industrial gas producer with dual
headquarters in Germany and New Jersey, USA, and most executive
management in New Jersey, USA. Industrial gas company Messer Group
and private equity firm CVC Capital Partners will own 58% and 42%
of the company, respectively. Pro forma for the proposed
transaction, Messer Industries generated about $2.1 billion of
revenues and $472 million of EBITDA in 2017.


MESSER INDUSTRIES: S&P Assigns 'BB-' ICR, Outlook Stable
--------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issuer credit rating to Bad
Soden, Germany-based Messer Industries GmbH as well as Messer
Industries USA Inc. The rating outlook is stable.

S&P said, "At the same time, we assigned our 'BB-' issue-level
ratings (same as the issuer credit rating) to the company's
proposed first-lien credit facilities, consisting of a $450 million
revolver, $2,225 million U.S. term loan, and $625 million
equivalent euro term loan. The '3' recovery rating indicates our
expectation for meaningful (50%-70%; rounded estimate: 55%)
recovery in the event of a payment default."

All ratings are based on preliminary terms and conditions. The
borrower of the euro term loan will be Messer Industries GmbH, and
the borrower of the U.S. term loan will be Messer Industries USA
Inc. Both Messer Industries GmbH and Messer Industries USA Inc.
will be borrowers of the revolver.

The ratings on Messer Industries GmbH and Messer Industries USA
Inc. reflect the company's participation in the relatively stable
industrial gas market; good diversification in terms of geography,
end markets, and customers; and EBITDA margins that we expect to
remain over 20%. The industrial gas business is relatively stable
and has high barriers to entry, driven by its capital intensive
nature, long-term contracts, and low product substitution risk.
Partially offsetting these strengths are the company's limited
scale and market share, and low proportion of sales through on-site
production at customer locations, which tends to generate higher
EBITDA margins.

The outlook on Messer Industries GmbH is stable. S&P said, "Our
ratings reflect the company's exposure to the relatively stable
industrial gas segment; good diversification in terms of geography,
end markets, and customers; and good profitability with EBITDA
margins that we expect to remain over 20%. We expect credit
measures to remain appropriate for the rating, with
weighted-average debt to EBITDA of about 5x at Messer Industries,
and consolidated debt to EBITDA between 4x and 5x at parent Messer
Group over the next 12 months. We expect the company to expand
margins modestly over the next two years through volume growth and
cost-optimization programs. Our ratings also assume no dividends or
share repurchases and no change in control at Messer Industries."

S&P said, "We could consider a downgrade over the next 12 months if
the company's EBITDA margins miss our expectations by over 400 bps,
leading consolidated credit measures at Messer Group to rise above
5x. This could occur if the company experiences unforeseen issues
in the process of carving out the Linde Americas businesses and
integrating with Messer's western European business. This could
also occur due to weak economic conditions leading to reduced
demand for Messer's products. We could also lower the rating if
against our expectations the company pursues large debt-funded
acquisitions or shareholder rewards that result in a deterioration
of credit measures.

"We could consider an upgrade over the next 12 months if the
company delivers EBITDA margins that exceed expectations by over
400 bps, and if consolidated credit measures at Messer Group
improve with debt to EBITDA falling below 4x. This could occur if
the company benefits from higher than expected industrial
production activity leading to an increase in demand and improved
margins, or if cost-optimization programs deliver better than
expected results. A higher rating would also require financial
policies that support maintaining those stronger credit measures."


MFL INC: Gets Final OK on Continued Cash Collateral Use
-------------------------------------------------------
The Hon. Robert D. Berger of the U.S. Bankruptcy Court for the
District of Kansas has signed a Final Order authorizing MFL Inc.'s
use the cash collateral and providing postpetition liens.

The Court finds that the Debtor's Motion for Use of Cash Collateral
and Authorization of Post-Petition Liens is unopposed. Accordingly,
the terms and conditions of the Amended Order for Use of Cash
Collateral and Providing Post-Petition Liens will continue in full
force and effect without further order and be binding on all
parties-in-interest as provided in Paragraph 9.a. of such Amended
Order.

A full-text copy of the Final Order is available at

               http://bankrupt.com/misc/ksb18-21422-42.pdf

                           About MFL Inc.

MFL Inc., aka Memory Foam Liquidators Inc., also known as AAA
Custom Services, is located in Topeka, Kansas.  MFL Inc. is in the
foams and rubber business.

MFL Inc. sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. Kan. Case No. 18-21422) on July 12, 2018.  In the petition
signed by Christopher D. Farmer, president, the Debtor disclosed
$1.34 million in assets and $1.91 million in liabilities. Justice
B. King, Esq., at Fisher Patterson Sayler & Smith, LLP, serves as
counsel to the Debtor; and Paul Heinen & Associates, Inc., as its
accountant.


MIDICI GROUP: Case Summary & 9 Unsecured Creditors
--------------------------------------------------
Debtor: MidiCi Group, LLC
        17555 Ventura Boulevard, Suite 200
        Encino, CA 91316

Business Description: MidiCi Group, LLC is a franchisor of
                      the MidiCi Neapolitan Pizza.  MidiCi
                      Restaurants offer build-your-own Neapolitan
                      pizzas, salads, appetizers, dessert items,
                      beverages, and other products for retail
                      sale to the public.  MidiCi Group is a
                      California limited liability company formed
                      on Aug. 29, 2014.  It has offered franchises
                      since January 2015.

Chapter 11 Petition Date: September 21, 2018

Case No.: 18-12354

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Judge: Hon. Victoria S. Kaufman

Debtor's Counsel: Douglas M. Neistat, Esq.
                  GREENBERG & BASS
                  16000 Ventura Blvd., Suite 1000
                  Encino, CA 91436
                  Tel: 818-382-6200
                  Fax: 818-986-6534
                  E-mail: dneistat@greenbass.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Yotam Regev, chief operations
officer/member.

A full-text copy of the petition containing, among other items, a
list of the Debtor's nine unsecured creditors is available for free
at:

         http://bankrupt.com/misc/cacb18-12354.pdf


MIDWAY OILFIELD: Taps Hoover Slovacek as Legal Counsel
------------------------------------------------------
Midway Oilfield Constructors, Inc., seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire Hoover
Slovacek LLP as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; negotiate with creditors; assist in the
preparation of a plan of reorganization; and provide other legal
services related to its Chapter 11 case.

Hoover Slovacek charges these hourly rates:

     Edward Rothberg                        $500
     Deirdre Brown                          $360
     Melissa Haselden                       $350
     Curtis McCreight                       $325
     Brendetta Scott                        $325
     Vianey Garza                           $275
     Financial Consultant                   $195
     Law Clerk                          $100 - $200
     Legal Assistants/Paralegals        $110 - $125

The firm received a $35,000 retainer for postpetition services and
filing fees.

Melissa Haselden, Esq., at Hoover Slovacek, disclosed in a court
filing that her firm is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

        Melissa Haselden, Esq.
        Hoover Slovacek LLP
        Galleria Tower II
        5051 Westheimer, Suite 1200
        Houston, TX 77056
        Tel: (713) 977-8686
        Fax: (713) 977-5395
        E-mail: haselden@hooverslovacek.com

                About Midway Oilfield Constructors

Midway Oilfield Constructors, Inc., provides construction services
to the upstream, midstream, and downstream sectors of the oil and
gas industry.  Based out of Midway, Texas, Midway provides services
across the State of Texas and Oklahoma.

On Aug. 15, 2018, Midway Oilfield Constructors filed its voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (S.D.
Tex. Case No. 18-34567).  The Debtor estimated $1 million to $10
million in assets and $10 million to $50 million in liabilities.
Judge Marvin Isgur is the case judge.  The Debtor tapped Hoover
Slovacek LLP as its legal counsel.


MIP IV: Moody's Assigns 'B2' CFR & Rates New 1st lien Loans 'B2'
----------------------------------------------------------------
Moody's Investors Service assigned MIP IV Boomerang MergerSub, L.P.
a B2 Corporate Family Rating and B2-PD Probability of Default
Rating. At the same time, Moody's assigned B2 ratings to the
proposed first-lien senior secured revolving credit facility and
first-lien senior secured term loan. The rating outlook is stable.


The rating assignments follow the company's plan to raise $350
million of new senior secured debt - a $75 million first-lien
revolving credit facility and a $275 million first-lien term loan -
to help fund the $590 million leveraged buyout of Tunnel Hill
Partners, LP by private equity sponsor Macquarie Infrastructure
Partners.

Moody's took the following rating actions on MIP IV Boomerang
MergerSub, L.P., which will become Tunnel Hill Partners, LP upon
closing of the transaction:

  - Corporate Family Rating assigned at B2

  - Probability of Default Rating assigned at B2-PD

  - First-Lien Senior Secured Revolving Credit Facility assigned at
B2 (LGD3)

  - First-Lien Senior Secured Term Loan assigned at B2 (LGD3)

  - Rating outlook stable

RATINGS RATIONALE

The rating assignments reflect THP's small scale (revenues less
than $300 million) and niche focus as a waste-by-rail provider
operating primarily in the Northeast US. Scale concerns are
highlighted by the limited number of landfills (2) and transfer
stations (14) as meaningful underperformance from, or a major
disruption to, any one of these assets could have a material,
negative impact on results. The ratings also consider THP's
reliance on construction and demolition (C&D) and specialty waste
volumes (over 80% of total waste volumes handled) that are
currently experiencing favorable trends but are more correlated to
economic cycles than municipal solid waste (MSW) volumes.
Additionally, THP's operating model includes heavy dependence on
CSX Corporation as its primary railcar service provider, creating
potential concentration issues that limits negotiating leverage.

THP benefits from a unique, difficult to replicate network of
collection and transfer assets in a region that is experiencing
sharply declining disposal/landfill capacity. Growing resistance to
landfill expansion has led to numerous landfill closures as well as
escalating tipping fees at sites that maintain capacity. This has
resulted in several states needing to export waste to landfills
located outside of the region to states such as Ohio and
Pennsylvania where THP owns disposal sites. Rail service has become
an effective solution to the region's capacity constraint
challenges, with the majority of THP's transfer stations and
handled waste volumes connected to rail lines. The regional
dynamics are further supported by the favorable operating
conditions within the North American solid waste industry where
pricing remains robust and waste volumes resilient.

Margins (EBITDA margin in the mid-20% range) and free cash flow,
when excluding sponsor distributions that Moody's expects will be
discontinued, have been historically solid, benefiting from the
disposal shortage in the region as well as a greater percentage of
higher margin C&D volumes. Moody's expects margins to gradually
improve over the next several years as these trends remain intact.
THP became a fully-integrated waste provider in 2016 with the
acquisition of City Carting, expanding operations into the
collection side of the waste business. Accordingly, Moody's expects
THP to pursue additional tuck-in acquisitions and to maintain
debt-to-EBITDA in the 4x-range that is modest relative to other
rated waste industry peers.

THP's adequate liquidity includes Moody's expectations for cash in
the $10 - $15 million range, considerably higher than historical
balances. Free cash flow is expected to be comfortably positive,
even in 2019 and 2020 when capital expenditures are anticipated to
be significantly higher with the planned build-out of capabilities
to meet growing market opportunities. With this proposed financing,
the company is putting in place an undrawn $75 million revolving
credit facility set to expire in 2023 - pro forma availability is
expected to be roughly $73 million after considering posted letters
of credit. In addition, expected positive free cash flow in the $10
million -- $20 million range should minimize utilization of the
revolving facility, excluding potential acquisition activity. The
facility is subject to only a springing senior secured net leverage
ratio tested if the aggregate amount of outstanding borrowings
exceeds a set percentage of the facility - the term loan does not
have financial maintenance covenants. There are no near-term debt
maturities and less than $3 million of annual amortization payments
required on the term loan. With the secured revolving facility and
term loan, there are limited sources of alternate liquidity as
substantially all assets are pledged.

The rating outlook is stable, indicative of Moody's expectations
for revenue growth approximating annual GDP-type levels, driven by
the stability of the waste services industry and THP's good pricing
power in the capacity-constrained Northeast US market. Free cash
flow should remain positive over the next couple of years despite
higher interest expense from this proposed transaction and
anticipated, meaningful increases in growth capital spending
through 2020.

THP's modest scale and niche focus constrain potential upward
rating mobility. Nonetheless, meaningfully greater scale and asset
diversity, accelerated growth in more stable MSW volumes while
maintaining or even enhancing already solid margins, and materially
higher free cash flow than currently expected could result in an
upgrade. Debt-to-EBITDA approaching 4x on a sustained basis, free
cash flow-to-debt in the upper-single digit range and
EBIT-to-interest in excess of 2x would also be necessary for an
upgrade.

The ratings could be downgraded if debt-to-EBITDA moves above 5x,
THP does not maintain comfortably positive free cash flow, or
liquidity deteriorates. In addition, negative volume trends,
potentially caused by an economic downturn and subsequent falloff
in C&D and special waste volumes, could place downward pressure on
ratings. Unfavorable developments with the CSX relationship would
also be viewed negatively.

Tunnel Hill Partners, LP is an integrated waste-by-rail company in
the US, owning and operating a network of collection (1), transfer
station (14) and recycling facility (2) assets in the Northeast US
and disposal sites (3) in Ohio and Pennsylvania. The majority of
its transfer stations are connected to rail lines for disposal of
waste volumes into the company's owned disposal sites. Latest
twelve month revenues for the period ending June 30, 2018 were
approximately $280 million.


MOHEGAN TRIBAL: Bank Debt Trades at 4% Off
------------------------------------------
Participations in a syndicated loan under which Mohegan Tribal
Gaming is a borrower traded in the secondary market at 96.00
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 0.62 percentage points from
the previous week. Mohegan Tribal pays 425 basis points above LIBOR
to borrow under the $445 million facility. The bank loan matures on
October 14, 2021. Moody's rates the loan 'B1' and Standard & Poor's
gave a 'B-' rating to the loan. The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday,
September 7.


MONTREIGN OPERATING: S&P Lowers ICR to 'CCC', Outlook Negative
--------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Thompson,
N.Y.-based Montreign Operating Company, LLC to 'CCC' from 'CCC+'.
The outlook is negative.

S&P said, "At the same time, we lowered the issue-level ratings on
Montreign's senior secured debt to 'CCC' from 'CCC+', in line with
the downgrade of the company. We are also revising the recovery
rating on this debt to '4' from '3'. The '4' recovery rating
indicates our expectation for average recovery (30% to 50%; rounded
estimate: 45%) for lenders in a payment default."  

The downgrade to 'CCC' reflects Montreign's current weak liquidity
position, which has been caused by a very slow ramp up of
operations since its only property, Resort World Catskills (RWC),
opened in February 2018. S&P said, "We believe that without a
prompt improvement in Montreign's liquidity position—either
through a rapid improvement in operational cash flow or, more
likely, a sizable injection of additional capital, most likely from
the company's largest equity owner—Montreign will probably need
to complete some form of distressed restructuring over the next 12
months that we would view as tantamount to a default. However, we
are only lowering Montreign's rating one notch to 'CCC' (rather
than two notches) because although there is no agreement yet in
place, we believe there is a high likelihood that Montreign will
receive some level of additional support over the next few
months."

The negative outlook reflects S&P's view that Montreign may be
unable to cover all cash fixed charges over the next twelve months
without an unforeseen positive development, such as additional
external support from its parent's largest shareholder, or a strong
improvement in operations.

Montreign would face downward ratings pressure if its liquidity
situation continues to deteriorate and we believe that a default,
distressed exchange, or redemption appears to be inevitable within
six months. This would most likely occur if we came to believe over
the next few months that there was a low likelihood of future
external support.

S&P said, "Although unlikely over the next 12 months, we could
consider raising the rating if we came to believe both that
Montreign's liquidity position had improved sufficiently such that
we no longer believed some form of restructuring was possible over
the next 12 months. Prior to raising the rating, we would need to
be confident that the company would be able to meet fixed charges
with cash generated from operations alone, that it would be able to
maintain compliance under its financial maintenance covenants, and
that it had some cushion in its liquidity profile to absorb
potential seasonality in operations."


MOULTON PROPERTIES: Summit Bank Renews Bid to Prohibit Cash Use
---------------------------------------------------------------
Summit Bank, N.A. asks the U.S. Bankruptcy Court for the Northern
District of Florida to prohibit Moulton Properties Holdings, LLC's
cash collateral, or in the alternative, to limit the use of cash
collateral.

The Debtor owes Summit Bank the amount of $2,163,286 as of Aug. 24,
2018, plus attorney's fees and costs. The indebtedness is secured
by a first mortgage lien on the Debtor's Palafox Property located
at 1300 N. Palafox Street, Pensacola, Florida, consisting of
approximately 20,014 square feet of commercial office space.

Upon the Debtor's failed attempts to market and sell the Palafox
Property coupled with the continued depreciation in value of the
Palafox Property, among other things, Summit Bank simultaneously
filed its motion for relief from the automatic stay or in the
alternative for additional adequate protection and its motion to
prohibit use of cash collateral or in the alternative to modify the
use of cash collateral.

The Court held an evidentiary hearing on the two motions and
entered its order conditionally denying Summit Bank's motion for
relief from the automatic stay and granting Summit Bank's motion to
prohibit use of cash collateral on May 2, 2017. In the Order, in
addition to the Debtor being ordered to pay Summit Bank $70,000
from the DIP Account associated with the Palafox Property, the
Court also increased the adequate protection payment amounts to
$18,000.

Furthermore, the Court prescribed a drop dead date whereby the
Debtor was given until August 24, 2018 to market sell or refinance
the Palafox Property for an amount sufficient to satisfy Summit
Bank. The Order also included that if the Debtor failed to market
and sell the property by said date the automatic stay would
automatically be lifted without further need for notice and
hearing.

As of the date of filing Summit Bank's Motion, the Palafox Property
has not been refinanced or sold and the debt owed Summit Bank has
not been satisfied. In what appears to be a last ditch effort to
extend its time to market and sale the Palafox Property the Debtor
filed its Combined Second Amended Liquidating Plan and Amended
Disclosure Statement on June 26, 2018, whereby it proposes to
conduct an auction to sell the Palafox Property.

The Combined Plan and Statement states that Debtor continues to
receive from the Palafox Property approximately $24,129 per month
in rental income and approximately $5,607 in maintenance
reimbursements from its primary tenant The Children's Home Society
of Florida and approximately $4,560 plus tax from its other tenant,
Cook's Pest Control, which tenancy was created post petition. Each
of these long term leases expire in less than three years.
Specifically the CHS lease expires on December 31, 2020 and the
Cook's lease expires on June 30, 2021.

The Combined Plan and Statement also confirms what was stated in
Debtor's Amended Chapter 11 Case Management Summary and Original
Schedule D, that other creditors owed in relation to the Palafox
Property include (a) Salt Marsh Cleveland & Gund in the amount of
$491,000 secured by a second mortgage ($186,776.32 of which is
listed as unsecured) (b) Pineda Reo, LLC in the amount of
$333,229.41 in the form of a Judgment Lien (which is listed as
unsecured) and (c) Gulf Coast Community Bank in the amount of
$907,700 in the form of a judgment lien (which is listed as
unsecured).

Pursuant to the Debtor's Combined Plan and Statement the Palafox
Property has significantly depreciated in value in less than two
years. The Palafox Property is currently valued by Debtor at
approximately $2,300,000, as opposed to its appraised value of
$2,850,000 in October of 2016 -- a $550,000 decrease in less than
two years. Furthermore, the present value of the leases decreases
with each passing month.

The amount of debt owed to Summit Bank secured by the Palafox
Property (approximately $2,163,286 as of August 24, 2018) plus
attorneys' fees and costs is very close to the current value of the
Palafox Property as stated in the Combined Plan and Statement.
There is little, if any, equity in the property and what equity may
exist is continuing to decline.

Summit Bank argues that at the rate of decline in value, as
admitted by the Debtor in the Combined Plan and Statement, the
monthly adequate protection payment of $18,000 being received from
Debtor is woefully insufficient to cover the diminution in value to
the Palafox Property and insufficient to adequately protect Summit
Bank.

The Debtor states in its plan that Summit Bank has received
$476,887 in adequate protection payments as of June 2018, yet
Debtor states that there has been an admitted $550,000 decline in
value to the Palafox Property over the same period of time.

Summit Bank believes that the Debtor has continued to use the
Palafox Property to earn income. The Debtor is using the cash
collateral (on which Summit Bank has a lien) to pay for its
operating expenses and costs and to pay for the expenses and costs
of non-income producing properties owned by Debtor. Every month, as
the Debtor uses the cash collateral/rents to sustain the operation
and maintenance of the real properties it is essentially reducing
Summit Bank's security interest. Use of the Palafox Property rents
is the equivalent of a dollar-for-dollar reduction in value of the
collateral.

Additionally, Summit Bank contends that the Debtor is not currently
paying an adequate amount to Summit Bank to properly protect its
interest in the secured property and the post-petition rents. The
Debtor's available revenues continue to increase while Summit Bank
is receiving a small percentage in adequate protection payments.
The Palafox Property in the meantime is deteriorating and declining
in value. In light of the continued increasing available funds and
the continued deterioration in the Palafox Property the Debtor is
paying very little debt service to its secured creditors.

Summit Bank asserts that the cash collateral in the DIP Summit
Account should be used to service the debt owed Summit Bank. The
Combined Plan and Statement essentially proposes to use the funds
in the DIP Summit Account (amounts exceeding the proposed reserve
amount of $28,000) to pay the Debtor's attorney fees. None of the
Cash Collateral Orders entered in this matter include in the
definition of cash collateral the Debtor's attorney fees.

Summit Bank argues that it is preposterous to allow a large amount
of cash collateral, to which Summit Bank has lien against, sit in
an account, increasing monthly, just to be used to pay the Debtor's
attorney fees, particularly when Summit Bank's collateral value had
declined by at least $550,000.

Summit Bank contends that paying a portion of the rents collected
does not provide it with adequate protection against the loss in
value stemming from the Debtor's use of those rents, coupled with
the decline in value of the Palafox Property greater than what
Summit Bank has received in adequate protection.

Accordingly, Summit Bank no longer consents to the Debtor's use of
cash collateral and objects to same as currently set forth in the
Orders. Summit Bank is seeking to prohibit the use of cash
collateral, including the cash collateral accumulated in the DIP
Summit Account or in the alternative modify the use of cash
collateral.

Attorneys for Summit Bank:

         Sally B. Fox, Esq.
         Andrea C. Lyons, Esq.
         EMMANUEL, SHEPPARD AND CONDON PA
         30 South Spring Street
         Pensacola, FL 32502
         Telephone: (850) 433-6581
         Facsimile: (850) 434-7163
         E-mail: sfox@esclaw.com
                      acl@esclaw.com

                 About Moulton Properties Holdings

Moulton Properties Holdings, LLC, is a Florida-based limited
liability company organized in 2014 that manages and develops real
property.  The Debtor is 100% owned by Moulton Properties Inc.,
which is owned by 40% by James Moulton, 40% by Robert Moulton, and
20% by Strategica Capital Associates, Inc.  James Moulton passed
away in August 2016.  Mr. Moulton's surviving daughter Mary Moulton
is the authorized corporate representative of Moulton Properties
Inc.

Moulton Properties filed a Chapter 11 petition (Bankr. N.D. Fla.
Case No. 15-31131) on Nov. 16, 2015.  Mary E. Moulton, manager,
signed the petition.  The Debtor estimated assets and liabilities
at $1 million to $10 million at the time of the filing.  Steven L.
Beiley, Esq., and Samuel J. Capuano, Esq., at Aaronson Schantz
Beiley P.A., serve as the Debtor's bankruptcy counsel.


NARVEEN SINGH: U.S. Trustee Forms Two-Member Committee
------------------------------------------------------
Nancy J. Gargula, U.S. Trustee for Region 10, on Sept. 18 appointed
two creditors to serve on the official committee of unsecured
creditors in the Chapter 11 case of Narveen Singh Aryaputri.

The committee members are:

     (1) City of Rock Island
         c/o David G. Morrison
         1515 4th Avenue, Suite 301
         Rock Island, IL 61201
         Tel: (309) 786-3313
         E-mail: dmorrison@mmcwlaw.com

     (2) Rock Island County
         c/o Kathy L. Swett
         210 15th Street, 4th Floor
         Rock Island, IL 61201
         Tel: (309) 558-3219
         E-mail: swettk@co.rock-island.il.us

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

Narveen Singh Aryaputri filed for Chapter 11 bankruptcy protection
(Bankr. C.D. Ill. Case No. 18-81232) on Aug. 16, 2018.


NEOVASC INC: Tiara & Reducer to be Featured at TCT 2018 Conference
------------------------------------------------------------------
Neovasc, Inc.'s Tiara, a transcatheter treatment of mitral valve
disease, and the Neovasc Reducer, a CE-Marked medical device used
for the treatment of refractory angina, will both be featured in
several presentations at the Transcatheter Cardiovascular
Therapeutics (TCT) 2018 scientific symposium to take place
September 21-25, 2018 in San Diego, California.

"We are pleased to announce that the Neovasc team will be engaged
in many scientific discussions with top Cardiologists from around
the world to discuss and advance our two key product platforms, the
Tiara and the Reducer, at the 2018 TCT conference, which is the
largest interventional cardiology conference in the world. There
will also be two presentations, specifically regarding our
products.  This is the most important educational meeting
specializing in interventional cardiovascular medicine every year,"
stated Fred Colen, president and chief executive officer of
Neovasc.

Select Presentations:
Tiara

     * In Session II 'Early TMVR Feasibility and Pivotal Trials'
       Dr. Shmuel Banai will offer his presentation entitled,
      'Tiara: Device Attributes, Implant Procedure, and Clinical
       Results' to the panel on Monday, September 24, 2018 at 9:17

       am PT.

Reducer:

    * In a Moderated Poster Session: "Selected Early Innovative
      Techniques" on Sunday, September 23, 2018, at 10:06 am PT,
      Dr Yishay Szekely will be presenting on Diastolic Function
      in Patients Undergoing Coronary Sinus Reducer Implantation
–
      A Single Center Experience

                        About Neovasc Inc.

Based in Richmond, British Columbia, Neovasc Inc. --
http://www.neovasc.com/-- is a specialty medical device company
that develops, manufactures and markets products for the rapidly
growing cardiovascular marketplace.  Its products include the
Neovasc Reducer, for the treatment of refractory angina, which is
not currently available in the United States and has been available
in Europe since 2015, and the Tiara, for the transcatheter
treatment of mitral valve disease, which is currently under
clinical investigation in the United States, Canada and Europe.

Neovasc reported a net loss of US$22.91 million on US$5.38 million
of revenue for the year ended Dec. 31, 2017, compared to a net loss
of US$86.49 million on US$9.51 million of revenue for the year
ended Dec. 31, 2016.  As of June 30, 2018, Neovasc had US$23.88
million in total assets, US$28.04 million in total liabilities and
a total deficit of US$4.15 million.

Grant Thornton issued a "going concern" opinion in its report on
the consolidated financial statements for the year ended Dec. 31,
2017, stating that the Company incurred a consolidated net loss of
US$24.86 million during the year ended Dec. 31, 2017, and, as of
that date, the Company's consolidated current liabilities exceeded
its current assets by US$6.06 million.  The auditors said these
conditions, along with other matters, indicate the existence of a
material uncertainty that casts substantial doubt about the
Company's ability to continue as a going concern.


NORTHERN OIL: Pivotal WIlliston Reports 6.1% Stake as of Sept. 17
-----------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, these entities reported beneficial ownership of shares
of common stock of Northern Oil & Gas, Inc. as of Sept. 17, 2018:

                                                    Percentage
                                      Shares            of
                                    Beneficially    Outstanding
  Reporting Person                     Owned          Shares
  ----------------                  ------------    -----------
Pivotal Williston Basin II, LP       19,823,478        6.1%
Pivotal Williston GP II, LLC         19,823,478        6.1%
Pivotal Petroleum Partners II LP     19,823,478        6.1%
TW PPP GP II, LLC                    19,823,478        6.1%
Tailwater E&P Opportunity Fund II LP 19,823,478        6.1%
TW GP E&P Fund II, LP                19,823,478        6.1%
TW GP E&P Fund GP II, LLC            19,823,478        6.1%
Tailwater Capital LLC                25,753,578        7.9%
Jason H. Downie                      25,753,578        7.9%
Edward Herring                       25,753,578        7.9%

Pivotal Williston II is the record holder of 19,823,478 shares of
Common Stock of the Issuer.  Tailwater directly owns 100% of the
equity interests in TW E&P Fund II GP of GP.  TW E&P Fund II GP of
GP is the sole general partner of TW E&P Fund II GP.  TW E&P Fund
II GP is the sole general partner of TW E&P Fund II.  TW E&P Fund
II directly owns 100% of the equity interests in TW PPP GP II.  TW
PPP GP II is the sole general partner of Pivotal II.  Pivotal II
directly owns 100% of the equity interests in Pivotal Williston GP
II. Pivotal Williston GP II is the sole general partner of Pivotal
Williston II.  Downie and Herring are the managing members of
Tailwater.  Therefore, Pivotal Williston II, Pivotal Williston GP
II, Pivotal II, TW PPP GP II, TW E&P Fund II, TW E&P Fund GP II, TW
E&P Fund II GP of GP, Tailwater, Downie and Herring may be deemed
to share the right to direct the disposition of and may be deemed
to share the power to vote or to direct the vote of the 19,823,478
shares of Common Stock held of record by Pivotal Williston II.

Pivotal Williston is the record holder of 5,930,100 shares of
Common Stock, as reported in the Schedule 13G filed by Pivotal
Williston with the SEC on Sept. 19, 2018.  As a result of the
relationship with Pivotal Williston, Tailwater, Downie and Herring
may be deemed to beneficially own the 5,930,100 shares of Common
Stock held of record by Pivotal Williston.

The percentages are based upon 326,733,276 shares of the Issuer's
Common Stock issued and outstanding as of Sept. 17, 2018, including
(i) 300,979,698 shares of the Issuer's Common Stock issued and
outstanding as of Sept. 14, 2018, based on information provided by
the Issuer's transfer agent, plus (ii) 5,930,100 shares of the
Issuer's Common Stock issued to Pivotal Williston and 19,823,478
shares of the Issuer's Common Stock issued to Pivotal Williston II
as set forth in the Issuer's Current Report on Form 8-K filed with
the SEC on Sept. 18, 2018.

A full-text copy of the regulatory filing is available at:

                      https://is.gd/0ZqnMY

                       About Northern Oil    

Minnetonka, Minnesota-based Northern Oil and Gas, Inc. --
http://www.NorthernOil.com/-- is an independent energy company
engaged in the acquisition, exploration, development and production
of oil and natural gas properties, primarily in the Bakken and
Three Forks formations within the Williston Basin in North Dakota
and Montana.  

Northern Oil reported a net loss of $9.19 million in 2017, a net
loss of $293.5 million in 2016, and a net loss of $975.4 million in
2015.  As of June 30, 2018, Northern Oil had $883.08 million in
total assets, $1.03 billion in total liabilities and a total
stockholders' deficit of $147.82 million.

                           *     *     *

In May 2018, Moody's Investors Service upgraded Northern Oil and
Gas, Inc.'s (NOG) Corporate Family Rating (CFR) to 'Caa1' from
'Caa2' and Probability of Default Rating (PDR) to 'Caa1-PD/LD' from
'Caa2-PD'.  The upgrade of NOG's CFR to Caa1 reflects its improved
leverage profile, reduced refinancing risk associated with the
remaining $203 million of notes due June 2020, and Moody's
expectation that the company will grow production and operating
cash flows.


NORTHERN OIL: Prices Offering of Senior Secured Second Lien Notes
-----------------------------------------------------------------
Northern Oil and Gas, Inc., has priced its previously announced
private placement under Rule 144A and Regulation S of the
Securities Exchange Act of 1933, as amended, to eligible purchasers
of $350 million in aggregate principal amount of additional 8.50%
Senior Secured Second Lien Notes due 2023 at an offering price
equal to 104% of par.  The Company intends to use the net proceeds
from this offering combined with borrowings under its expected new
revolving credit facility to repay borrowings outstanding under its
term loan credit facility, redeem its remaining outstanding
unsecured notes and the remainder, if any, for general corporate
purposes.  The offering is expected to close on Oct. 5, 2018,
subject to the satisfaction of customary closing conditions.

The New Senior Secured Notes will not be registered under the
Securities Act or under any state or other securities laws, and the
New Senior Secured Notes will be issued pursuant to an exemption
therefrom, and may not be offered or sold within the United States,
or to or for the account or benefit of any U.S. Person, absent
registration or an applicable exemption from registration
requirements.

The New Senior Secured Notes are being offered only to persons who
are either reasonably believed to be "qualified institutional
buyers" under Rule 144A or who are non-"U.S. persons" under
Regulation S as defined under applicable securities laws.

                       About Northern Oil    

Minnetonka, Minnesota-based Northern Oil and Gas, Inc. --
http://www.NorthernOil.com/-- is an independent energy company
engaged in the acquisition, exploration, development and production
of oil and natural gas properties, primarily in the Bakken and
Three Forks formations within the Williston Basin in North Dakota
and Montana.  

Northern Oil reported a net loss of $9.19 million in 2017, a net
loss of $293.5 million in 2016, and a net loss of $975.4 million in
2015.  As of June 30, 2018, Northern Oil had $883.08 million in
total assets, $1.03 billion in total liabilities and a total
stockholders' deficit of $147.82 million.


NORTHERN OIL: Tailwater Capital Reports 7.9% Ownership Stake
------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, these entities reported beneficial ownership of shares
of common stock of Northern Oil & Gas, Inc. as of Sept. 17, 2018:

                                                    Percentage
                                      Shares            of
                                    Beneficially    Outstanding
  Reporting Person                     Owned          Shares
  ----------------                  ------------    -----------
Pivotal Williston Basin, LP          5,930,100          1.8%
Pivotal Williston GP, LLC            5,930,100          1.8%
Pivotal Petroleum Partners LP        5,930,100          1.8%
TW PPP GP, LLC                       5,930,100          1.8%
Tailwater E&P Opportunity Fund LP    5,930,100          1.8%
TW GP E&P Fund, LP                   5,930,100          1.8%
TW GP E&P Fund GP, LLC               5,930,100          1.8%
Tailwater Capital LLC                25,753,578         7.9%
Jason H. Downie                      25,753,578         7.9%
Edward Herring                       25,753,578         7.9%

Pivotal Williston is the record holder of 5,930,100 shares of
Common Stock of the Issuer.  Tailwater directly owns 100% of the
equity interests in TW E&P Fund GP of GP.  TW E&P Fund GP of GP is
the sole general partner of TW E&P Fund GP.  TW E&P Fund GP is the
sole general partner of TW E&P Fund.  TW E&P Fund directly owns
100% of the equity interests in TW PPP GP.  TW PPP GP is the sole
general partner of Pivotal.  Pivotal directly owns 100% of the
equity interests in Pivotal Williston GP.  Pivotal Williston GP is
the sole general partner of Pivotal Williston. Downie and Herring
are the managing members of Tailwater.  Therefore, Pivotal
Williston, Pivotal Williston GP, Pivotal, TW PPP GP, TW E&P Fund,
TW E&P Fund GP, TW E&P Fund GP of GP, Tailwater, Downie and Herring
may be deemed to share the right to direct the disposition of and
may be deemed to share the power to vote or to direct the vote of
the 5,930,100 shares of Common Stock held of record by Pivotal
Williston.

The percentages are based upon 326,733,276 shares of the Issuer's
Common Stock issued and outstanding as of Sept. 17, 2018, including
(i) 300,979,698 shares of the Issuer's Common Stock issued and
outstanding as of Sept. 14, 2018, based on information provided by
the Issuer's transfer agent, plus (ii) 5,930,100 shares of the
Issuer's Common Stock issued to Pivotal Williston and 19,823,478
shares of the Issuer's Common Stock issued to Pivotal Williston II
as set forth in the Issuer's Current Report on Form 8-K filed with
the SEC on Sept. 18, 2018.


A full-text copy of the regulatory filing is available at:

                     https://is.gd/1fjbqh

                        About Northern Oil    

Minnetonka, Minnesota-based Northern Oil and Gas, Inc. --
http://www.NorthernOil.com/-- is an independent energy company
engaged in the acquisition, exploration, development and production
of oil and natural gas properties, primarily in the Bakken and
Three Forks formations within the Williston Basin in North Dakota
and Montana.  

Northern Oil reported a net loss of $9.19 million in 2017, a net
loss of $293.5 million in 2016, and a net loss of $975.4 million in
2015.  As of June 30, 2018, Northern Oil had $883.08 million in
total assets, $1.03 billion in total liabilities and a total
stockholders' deficit of $147.82 million.

                           *     *     *

In May 2018, Moody's Investors Service upgraded Northern Oil and
Gas, Inc.'s (NOG) Corporate Family Rating (CFR) to 'Caa1' from
'Caa2' and Probability of Default Rating (PDR) to 'Caa1-PD/LD' from
'Caa2-PD'.  The upgrade of NOG's CFR to Caa1 reflects its improved
leverage profile, reduced refinancing risk associated with the
remaining $203 million of notes due June 2020, and Moody's
expectation that the company will grow production and operating
cash flows.


NORTHERN POWER: Securities Will be Delisted from the TSX
--------------------------------------------------------
Northern Power Systems Corp. received on Sept. 20, 2018 a letter
from the Toronto Stock Exchange notifying the Company that the TSX
has determined to delist the Company's securities, effective Oct.
22, 2018.  TSX imposed the delisting for the failure of the Company
to meet certain continued listing requirements of TSX.  The TSX
identified several deficiencies regarding the Company's compliance
with the TSX continued listing requirements, including the fact
that (i) in the opinion of TSX, it is questionable as to whether
the Company will be able to continue as a going concern, (ii) the
market value of the Company's listed securities has been less than
$3.0 million for the 30 previous consecutive trading days and (iii)
market value of the Company's publicly held listed securities has
been less than $2.0 million for the 30 previous consecutive trading
days.

This notification has no immediate effect on the Company's business
operations, its listing on the TSX or on the trading of the
Company's common stock.

The Company is exploring listing its securities on NEX or the
over-the-counter market place (OTCQB) and it is the Company's
desire to establish an alternative listing arrangement prior to the
Effective Date.  It is uncertain if the Company's efforts to list
its securities on an alternative exchange will be successful or if
it will be accomplished prior to the Effective Date.

In addition, the Company continues to explore all strategic
alternatives and transactions for Company, including the sale of
the business or some or all of its assets and business lines
including its distributed wind, energy storage and/or services
business segments.  It is uncertain if the Company's efforts to
identify and effect one or more strategic transaction will be
successful.

                  About Northern Power Systems

Northern Power Systems -- http://www.northernpower.com/-- designs,
manufactures, and sells distributed power generation and energy
storage solutions with its advanced wind turbines, inverters,
controls, and integration services.  With approximately 22 million
run-time hours across its global fleet, Northern Power wind
turbines provide customers with clean, cost-effective, reliable
renewable energy.  NPS turbines utilize patented permanent magnet
direct drive (PMDD) technology, which uses fewer moving parts,
delivers higher energy capture, and provides increased reliability
thanks to reduced maintenance and downtime. Northern Power also
develops Energy Storage Solutions (ESS) based on the FlexPhase
power converter platform, which features patented converter
architecture and controls technology for advanced grid support and
generation applications.

Northern Power reported net income of $59,000 for the year ended
Dec. 31, 2017, compared to a net loss of $8.94 million for the year
ended Dec. 31, 2016.  As of June 30, 2018, Norther Power had $8.92
million in total assets, $13.90 million in total liabilities and a
total shareholders' deficiency of $4.97 million.

RSM US LLP, in Boston, Massachusetts, the Company's auditor since
2014, issued a "going concern" opinion in its report on the
consolidated financial statements for the year ended Dec. 31, 2017,
citing that the Company has suffered recurring cash losses from
operations and its total liabilities exceed its total assets.  This
raises substantial doubt about the Company's ability to continue as
a going concern.


OWENS & MINOR: Egan-Jones Lowers Senior Unsecured Ratings to BB
---------------------------------------------------------------
Egan-Jones Ratings Company, on September 11, 2018, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Owens & Minor Incorporated to BB from BB+.

Owens & Minor is a Fortune 500 company based in Mechanicsville,
Virginia. The company is a healthcare logistics company
specializing in contracting packages of healthcare products for
hospitals.


OXBRIDGE COINS: Case Summary & 8 Unsecured Creditors
----------------------------------------------------
Debtor: Oxbridge Coins, Inc.
        2115 Van Ness Avenue
        San Francisco, CA 94109

Business Description: Oxbridge Coins, Inc. is a precious metals
                      firm in San Francisco, California.  The
                      Company deals primarily in gold, silver,
                      platinum bullion, and rare coins.

Chapter 11 Petition Date: September 21, 2018

Case No.: 18-31040

Court: United States Bankruptcy Court
       Northern District of California (San Francisco)

Judge: Hon. Dennis Montali

Debtor's Counsel: Mitchell R. Hadler, Esq.
                  LAW OFFICE OF MITCHELL R. HADLER
                  1450 Sutter St. #508
                  San Francisco, CA 94109
                  Tel: (415)626-6897
                  Email: mrh.ca.courts@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Vadim Polyak, president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's eight unsecured creditors is available for
free at:

        http://bankrupt.com/misc/canb18-31040.pdf


PARADIGM TELECOM: U.S. Trustee Forms Three-Member Committee
-----------------------------------------------------------
Henry G. Hobbs, Jr., U.S. Trustee for Region 7, on Sept. 18
appointed three creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case of Paradigm Telecom II,
LLC.

The committee members are:

     (1) David Nelson
         CVIN, LLC
         c/o Mark White
         White Summers, Caffes & James, LLP
         541 Jefferson Avenue, Suite 100
         Redwood City, CA 74063
         E-mail: mwhite@white-summers.com
         Tel: (650) 298-6001

     (2) Susan Sullivan
         Tin Cup investments, LLC
         c/o Johnie Patterson, II
         Walker-Patterson, P.C.
         4815 Dacoma Street
         Houston, TX 77092
         E-mail: jjp@walkerpatterson.com
         Tel: (713) 956-5577

     (3) Mark Rankin
         Armstrong Utilities, Inc.
         c/o William E. Kelleher, Jr.
         Cohen & Grigsby, P.C.
         625 Liberty Avenue
         Pittsburgh, PA 15222
         E-mail: wkelleher@cohenlaw.com
         Tel: (412) 297-4703

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                  About Paradigm Telecom II LLC

Paradigm Telecom II, LLC -- http://www.paradigmtelecom.com/-- is a
provider of communications infrastructure to carrier providers.
Its services include ethernet, dark fiber, DAS and small cell,
fiber to the tower, and international voice and data.  It was
founded in 2001 and is headquartered in Houston, Texas.

Paradigm Telecom II sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Texas Case No. 18-34112) on July 27,
2018.  In the petition signed by Brian Beers, president, the Debtor
disclosed that it had estimated assets of less than $500,000 and
liabilities of $1 million to $10 million.  

Richard L. Fuqua, II, Esq., at Fuqua & Associates, PC, serves as
the Debtor's bankruptcy counsel.

Judge Jeff Bohm presides over the case.


PETERSBURG, VA: S&P Raises GO Bonds Rating to 'BB+', Outlook Pos.
-----------------------------------------------------------------
S&P Global Ratings raised its long-term rating and underlying
rating (SPUR) on Petersburg, Va.'s general obligation (GO) bonds
outstanding to 'BB+' from 'BB'. The outlook is positive.

At the same time, due to the city's participation in governmental
agreements to provide for debt service payments, S&P Global Ratings
revised its rating on Stafford County & Staunton Industrial
Development Authority's Municipal League-Virginia Association of
Counties Finance Recovery Act Bond Pool II (of which Petersburg is
a participant) to 'BB+' from 'BB'. The outlook is positive. S&P
said, "We rate this issuance under our multiple revenue stream
criteria. Each participant's obligation to pay loans is several and
not joint, in the pool. In the absence of a step-up provision, the
rating reflects the credit quality of the pool's weakest
participant, which we believe is Petersburg."

S&P's view of the city's credit quality reflects the following
characteristics, specifically its:

-- Weak economy;
-- Historically weak management, offset by a new management team
with some recently formalized policies and practices;
-- Adequate budgetary performance;
-- Very weak budgetary flexibility;
-- Weak liquidity;
-- Weak debt and contingent liability profile; and
-- Very strong institutional framework score.

Petersburg is just south of the broad and diverse Richmond
metropolitan statistical area, at the intersection of interstates
85 and 95. The city also benefits from its proximity to the Fort
Lee Army Base, which generates significant economic activity.

"The positive outlook reflects our opinion that there is a
one-in-three chance we could raise the rating over the two-year
outlook horizon," said S&P Global Ratings credit analyst Timothy
Barrett.

Petersburg has shown a commitment to restoring balanced financial
operations following years of imbalance. S&P said, "In our view,
the city has taken significant steps toward identifying problems
with its internal controls and the resulting accumulated deficit
position, in addition to forming a plan to improve reserves and
maintain structural balance. Although we believe there are still
significant risks associated with Petersburg's finances, we think
the city continues along a new trajectory aimed at restoring a
healthier financial position."

If Petersburg demonstrates improved financial progress, and
materially improves liquidity and reserves through balanced
financial operations, S&P could raise the rating, potentially by
multiple notches depending on the pace of recovery.

If the city fails to implement the proposed financial recovery plan
and reverts to imbalanced budgets and reduced liquidity, or if it
cannot secure short-term liquidity in the next couple of months,
S&P could lower the rating.



PETSMART INC: Bank Debt Trades at 13% Off
-----------------------------------------
Participations in a syndicated loan under which Petsmart
Incorporated is a borrower traded in the secondary market at 87.03
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents an increase of 2.09 percentage points from
the previous week. Petsmart Incorporated pays 300 basis points
above LIBOR to borrow under the $4.246 billion facility. The bank
loan matures on March 10, 2022. Moody's rates the loan 'B3' and
Standard & Poor's gave a 'CCC' rating to the loan. The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday, September 7.


PLAIN LEASING: Committee Taps Ko & Martin as Korean Translator
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of Plain Leasing,
Inc., seeks authority from the U.S. Bankruptcy Court for retain Ko
& Martin Certified Interpreters as Korean translators for the
Committee.

The Committee is comprised of 3 former employees of the Debtor.
While some of the Committee's members speak and understand English,
they are all native Korean speakers.  To enable Blakeley LLP to
communicate with the Committee on complex legal topics, both in
writing and verbally, Blakeley LLP has engaged the assistance of
K&M to assist with translation that Kim and Min assisted with.

K&M charges $500 for 3 hours of onsite interpretation, and $1,000
for 6 hours. For any onsite interpretation lasting longer than 6
hours, K&M charges $250 per hour, which is assessed in 15 minute
increments. For conference phone calls, K&M charges $200 per hour,
of which there is a 1 hour minimum.

Soomi Ko of K&M attestst that K&M doe not hold or represent any
interest adverse to the Debtor, any creditors, or this Chapter 11
case that would impair their ability to perform professional
services for the Committee objectively.

K&M can be reached through:

     Soomi Ko
     Ko & Martin Certified Interpreters
     Los Angeles, CA
     Phone: 1-213-999-7848
     E-mail: soomi@komartin.com

                      About Plain Leasing

Plain Leasing, Inc., f/k/a K Trans, Inc., which rents out trucks
and chassis, filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Cal. Case No. 17-12539) on March 2, 2017.  In the petition signed
by Ji K. Lim, president, the Debtor estimated at least $50,000 in
assets and $500,000 to $1 million in liabilities.  

The case is assigned to Judge Robert Kwan.  

The Debtor is represented by Joon M. Khang, Esq., at Khang & Khang
LLP.

The Office of the U.S. Trustee on July 5, 2017, appointed three
creditors of to serve on the official committee of unsecured
creditors.  The committee members are: (1) Jae Seung Rho; (2) Sam
Lee aka Yoon Lee; and (3) James Jae.  The Committee retained
Blakeley LLP as counsel, and the Law Firm of Kim & Min as special
counsel.


POLONIA DEVELOPMENT: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Polonia Development & Preservation Services Co., LLC
        38-11 Ditmars Blvd. Suite 304
        Astoria, NY 11105

Business Description: Polonia Development & Preservation Services
                      Co., LLC is a privately held company based
                      in Astoria, New York, in the nonresidential
                      building construction industry.  The Company
                      previously sought bankruptcy protection on
                      Nov. 10, 2014 ( Bankr. E.D.N.Y. Case No. 14-
                      45726).

Chapter 11 Petition Date: September 21, 2018

Case No.: 18-45438

Court: United States Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Hon. Carla E. Craig

Debtor's Counsel: Barry D. Haberman, Esq.
                  254 South Main Street, #404
                  New City, NY 10956
                  Tel: 845-638-4294
                  Fax: 845-638-6080
                  Email: bdhlaw@aol.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gerardo Sanchez, manager.

The Debtor did not include in the petition a list of its 20 largest
unsecured creditors.

A full-text copy of the petition is available for free at:

         http://bankrupt.com/misc/nyeb18-45438.pdf


POSTROCK ENERGY: C. Edwards Bid to Junk Trustee Clawback Suit OK'd
------------------------------------------------------------------
Bankruptcy Judge Sarah A. Hall granted Clark Edwards' motion to
dismiss the case captioned STEPHEN J. MORIARTY as Chapter 11,
Trustee of PostRock Energy Corporation, et al., Plaintiff, v. CLARK
EDWARDS, Defendant, Adv. Pro. No. 18-01027 (Bankr. W.D. Okla.).

The Trustee filed the Complaint, and nine others similar to it,
asserting causes of action under 11 U.S.C. sections 547, 548 and
550 to avoid and recover certain transfers as either preferential
or fraudulent transfers and under 11 U.S.C. section 502(d)&(j) to
disallow claims. Edwards' motion argues Trustee's alleged causes of
action do not satisfy the "Twombly/Iqbal plausibility standard" of
pleading, and thus, the Complaint should be dismissed for failure
to state a claim for relief.

As could be expected, the Response argues the opposite, but Trustee
fails to adequately rebut the arguments that his Complaint is
deficient. The Complaint muddles the two causes of action for
preferential transfers and fraudulent transfers, omits critical
information, and makes numerous legal conclusions without facts to
support them.

In addition to its failure to sufficiently detail (i) the Transfers
and the antecedent debts they were made on account of and (ii)
allege facts sufficient to establish the relevant debtor's
insolvency at the time of the Transfer, there is another
shortcoming in the Complaint. Trustee alleges Edwards was, at all
relevant times, an "insider," as that term is defined by Section
101(31) of the Bankruptcy Code, but gives no information or
description of the relationship between the parties. Without more,
such statement is a legal conclusion, not a factual allegation.

Further, the Complaint is deficient because it does not plead
sufficient facts to establish that the PostRock Debtor making the
Transfers received less than reasonably equivalent value for the
Transfers as required by Section 548(a)(1)(B)(i). Although pleading
in the alternative is permissible, the factual allegations
necessary to support alternative causes of action are often
inconsistent, as is with the case with Sections 547 and 548. Nine
of the Transfers to Edwards were made more than a year prior to the
Petition Date and, accordingly, should not have been included
within the Section 547(b) preferential transfer cause of action.
Yet, the facts of Trustee's alternative Count II regarding these
potentially fraudulent transfers under Section 548 does not allege
with any specificity that no consideration was received, or that
there was no antecedent debt, or that the consideration received
was valued at less than the amount of the Transfers. Without any
such allegations, the Court cannot plausibly conclude that
reasonably equivalent value was not received in connection with the
Transfers.

Thus, the Trustee's causes of action for preferential and
fraudulent transfers under Sections 547 and 548 of the Bankruptcy
Code fail to state a claim. Counts III and IV of the Complaint for
recovery of the avoided transfers under Section 550 and/or
disallowance of the transferee's claims under Section 502(d) & (j)
on account of the avoided transfers are dependent upon avoidance
under Section 547 and 548. As a result, they must also be
dismissed. Therefore, the Complaint is dismissed in its entirety,
but with leave to amend. Trustee is granted 20 days from the date
of entry of this Order to file an amended complaint. Trustee is
strongly cautioned against further pleading in a conclusory
fashion, as further leave to amend will not be granted.

A copy of the Court's Order dated Sept. 6, 2018 is available at
https://bit.ly/2De9N2h from Leagle.com.

PostRock Energy Corporation, Debtor, represented by William H. Hoch
-- will.hoch@crowedunlevy.com -- Crowe & Dunlevy, Stephen J.
Moriarty, Fellers Snider & Christopher M. Staine --
christopher.staine@crowedunlevy.com -- Crowe & Dunlevy PC.

Stephen J. Moriarty, Trustee, pro se.

United States Trustee, U.S. Trustee, represented by Marjorie J.
Creasey, US Trustee Office & Charles Snyder, United States
Trustee.

Official Committee of Unsecured Creditors, Creditor Committee,
represented by Larry Glenn Ball, Hall, Estill & Wojciech F. Jung,
Lo

           About PostRock Energy Corp.

Headquartered in Oklahoma City, Oklahoma, PostRock Energy
Corporation, PostRock Energy Services Corporation, PostRock
MidContinent Production LLC, PostRock Eastern Production, LLC,
PostRock Holdco, LLC, and STP Newco, Inc. are engaged in the
acquisition, exploration, development, production and gathering of
crude oil and natural gas. Their primary production activity is
focused in the Cherokee Basin, a 15-county region in southeastern
Kansas and northeastern Oklahoma. They have approximately 129
employees.

PostRock Energy, et al., filed Chapter 11 bankruptcy petitions
(Bankr. W.D. Okla. Lead Case No. 16-11230) on April 1, 2016. Clark
Edwards signed the petitions as president. The Debtors estimated
assets in the range of $10 million to $50 million and debt of up to
$100 million.

Crowe & Dunlevy, P.C. serves as the Debtors' counsel. Judge Sarah
A. Hall is assigned to the cases.

Stephen J. Moriarty has been appointed as Chapter 11 Trustee of
PostRock Energy.

The Official Committee of Unsecured Creditors of PostRock Energy
Corp. has retained Lowenstein Sandler LLP as counsel, and Hall,
Estill, Hardwick, Gable, Golden & Nelson, P.C. as special and local
counsel.


POSTROCK ENERGY: Ct. Dismisses Trustee Clawback Suit vs T. Edelman
------------------------------------------------------------------
Bankruptcy Judge Sarah A. Hall granted Thomas Edelman's motion to
dismiss the case captioned STEPHEN J. MORIARTY as Chapter 11
Trustee of Post Rock Energy Corporation, et al., Plaintiff, v.
THOMAS EDELMAN, Defendant, Adv. Pro. No. 18-01026 (Bankr. W.D.
Okla.).

The Trustee filed the Complaint, and nine others similar to it,
asserting causes of action under 11 U.S.C. sections 547, 548 and
550 to avoid and recover certain transfers as either preferential
or fraudulent transfers and under 11 U.S.C. section 502(d)&(j) to
disallow claims. Edelman's motion argues Trustee's alleged causes
of action do not satisfy the "Twombly/Iqbal plausibility standard"
of pleading, and thus, the Complaint should be dismissed for
failure to state a claim for relief.

As could be expected, the Response argues the opposite, but Trustee
fails to adequately rebut the arguments that his Complaint is
deficient. The Complaint muddles the two causes of action for
preferential transfers and fraudulent transfers, omits critical
information, and makes numerous legal conclusions without facts to
support them.

In addition to its failure to sufficiently detail (i) the Transfers
and the antecedent debts they were made on account of and (ii)
allege facts sufficient to establish the relevant debtor's
insolvency at the time of the Transfer, there is another
shortcoming in the Complaint. Trustee alleges Edelman was, at all
relevant times, an "insider," as that term is defined by Section
101(31) of the Bankruptcy Code, but gives no information or
description of the relationship between the parties. Without more,
such statement is a legal conclusion, not a factual allegation.

Further, the Complaint is deficient because it does not plead
sufficient facts to establish that the PostRock Debtor making the
Transfers received less than reasonably equivalent value for the
Transfers as required by Section 548(a)(1)(B)(i). Although pleading
in the alternative is permissible, the factual allegations
necessary to support alternative causes of action are often
inconsistent, as is with the case with Sections 547 and 548. The
facts of Trustee's alternative Count II regarding these potentially
fraudulent transfers under Section 548 does not allege with any
specificity that no consideration was received, or that there was
no antecedent debt, or that the consideration received was valued
at less than the amount of the Transfers. Without any such
allegations, the Court cannot plausibly conclude that reasonably
equivalent value was not received in connection with the
Transfers.

Thus, the Trustee's causes of action for preferential and
fraudulent transfers under Sections 547 and 548 of the Bankruptcy
Code fail to state a claim. Counts III and IV of the Complaint for
recovery of the avoided transfers under Section 550 and/or
disallowance of the transferee's claims under Section 502(d) & (j)
on account of the avoided transfers are dependent upon avoidance
under Section 547 and 548. As a result, they must also be
dismissed. Therefore, the Complaint is dismissed in its entirety,
but with leave to amend. Trustee is granted 20 days from the date
of entry of this Order to file an amended complaint. Trustee is
strongly cautioned against further pleading in a conclusory
fashion, as further leave to amend will not be granted.

A copy of the Court's Order dated Sept. 6, 2018 is available at
https://bit.ly/2MOg0l5 from Leagle.com.

PostRock Energy Corporation, Debtor, represented by William H. Hoch
--  will.hoch@crowedunlevy.com -- Crowe & Dunlevy, Stephen J.
Moriarty, Fellers Snider & Christopher M. Staine --
Christopher.staine@crowedunlevy.com -- Crowe & Dunlevy PC.

Stephen J. Moriarty, Trustee, pro se.

United States Trustee, U.S. Trustee, represented by Marjorie J.
Creasey, US Trustee Office & Charles Snyder, United States
Trustee.

Official Committee of Unsecured Creditors, Creditor Committee,
represented by Larry Glenn Ball , Hall, Estill & Wojciech F. Jung ,
Lowenstein Sandler LLP.

           About PostRock Energy Corp.

Headquartered in Oklahoma City, Oklahoma, PostRock Energy
Corporation, PostRock Energy Services Corporation, PostRock
MidContinent Production LLC, PostRock Eastern Production, LLC,
PostRock Holdco, LLC, and STP Newco, Inc. are engaged in the
acquisition, exploration, development, production and gathering of
crude oil and natural gas. Their primary production activity is
focused in the Cherokee Basin, a 15-county region in southeastern
Kansas and northeastern Oklahoma. They have approximately 129
employees.

PostRock Energy, et al., filed Chapter 11 bankruptcy petitions
(Bankr. W.D. Okla. Lead Case No. 16-11230) on April 1, 2016. Clark
Edwards signed the petitions as president. The Debtors estimated
assets in the range of $10 million to $50 million and debt of up to
$100 million.

Crowe & Dunlevy, P.C. serves as the Debtors' counsel. Judge Sarah
A. Hall is assigned to the cases.

Stephen J. Moriarty has been appointed as Chapter 11 Trustee of
PostRock Energy.

The Official Committee of Unsecured Creditors of PostRock Energy
Corp. has retained Lowenstein Sandler LLP as counsel, and Hall,
Estill, Hardwick, Gable, Golden & Nelson, P.C. as special and local
counsel.


POSTROCK ENERGY: Trustee's Clawback Suit vs J. McCormick Rejected
-----------------------------------------------------------------
Bankruptcy Judge Sarah A. Hall granted J. Phillip McCormick's
motion to dismiss the case captioned STEPHEN J. MORIARTY as Chapter
11 Trustee of Post Rock Energy Corporation, et al., Plaintiff, v.
J. PHILLIP McCORMICK, Defendant, Adv. Pro. 18-01032 (Bankr. W.D.
Okla.).

The Trustee filed the Complaint, and nine others similar to it,
asserting causes of action under 11 U.S.C. sections 547, 548 and
550 to avoid and recover certain transfers as either preferential
or fraudulent transfers and under 11 U.S.C. section 502(d)&(j) to
disallow claims. McCormick's motion argues Trustee's alleged causes
of action do not satisfy the "Twombly/Iqbal plausibility standard"
of pleading, and thus, the Complaint should be dismissed for
failure to state a claim for relief.

As could be expected, the Response argues the opposite, but Trustee
fails to adequately rebut the arguments that his Complaint is
deficient. The Complaint muddles the two causes of action for
preferential transfers and fraudulent transfers, omits critical
information, and makes numerous legal conclusions without facts to
support them.

In addition to its failure to sufficiently detail (i) the Transfers
and the antecedent debts they were made on account of and (ii)
allege facts sufficient to establish the relevant debtor's
insolvency at the time of the Transfer, there is another
shortcoming in the Complaint. Trustee alleges McCormick was, at all
relevant times, an "insider," as that term is defined by Section
101(31) of the Bankruptcy Code, but gives no information or
description of the relationship between the parties. Without more,
such statement is a legal conclusion, not a factual allegation.

Further, the Complaint is deficient because it does not plead
sufficient facts to establish that the PostRock Debtor making the
Transfers received less than reasonably equivalent value for the
Transfers as required by Section 548(a)(1)(B)(i). Although pleading
in the alternative is permissible, the factual allegations
necessary to support alternative causes of action are often
inconsistent, as is with the case with Sections 547 and 548. The
facts of Trustee's alternative Count II regarding these potentially
fraudulent transfers under Section 548 does not allege with any
specificity that no consideration was received, or that there was
no antecedent debt, or that the consideration received was valued
at less than the amount of the Transfers. Without any such
allegations, the Court cannot plausibly conclude that reasonably
equivalent value was not received in connection with the Transfers.


Thus, the Trustee's causes of action for preferential and
fraudulent transfers under Sections 547 and 548 of the Bankruptcy
Code fail to state a claim. Counts III and IV of the Complaint for
recovery of the avoided transfers under Section 550 and/or
disallowance of the transferee's claims under Section 502(d) & (j)
on account of the avoided transfers are dependent upon avoidance
under Section 547 and 548. As a result, they must also be
dismissed. Therefore, the Complaint is dismissed in its entirety,
but with leave to amend. Trustee is granted 20 days from the date
of entry of this Order to file an amended complaint. Trustee is
strongly cautioned against further pleading in a conclusory
fashion, as further leave to amend will not be granted.

A copy of the Court's Order dated Sept. 6, 2018 is available at
https://bit.ly/2xxQL0R from Leagle.com.

Stephen J. Moriarty, Chapter 11 Trustee, Plaintiff, represented by
Socorro Adams Dooley, Fellers Snider.

Stephen J. Moriarty, Chapter 11 Trustee, Plaintiff, pro se.

J. Phillip McCormick, Defendant, represented by Craig M. Regens --
cregens@gablelaw.com -- Gable Gotwals & G. Blaine Schwabe, III,
GableGotwals.

           About PostRock Energy Corp.

Headquartered in Oklahoma City, Oklahoma, PostRock Energy
Corporation, PostRock Energy Services Corporation, PostRock
MidContinent Production LLC, PostRock Eastern Production, LLC,
PostRock Holdco, LLC, and STP Newco, Inc. are engaged in the
acquisition, exploration, development, production and gathering of
crude oil and natural gas. Their primary production activity is
focused in the Cherokee Basin, a 15-county region in southeastern
Kansas and northeastern Oklahoma. They have approximately 129
employees.

PostRock Energy, et al., filed Chapter 11 bankruptcy petitions
(Bankr. W.D. Okla. Lead Case No. 16-11230) on April 1, 2016. Clark
Edwards signed the petitions as president. The Debtors estimated
assets in the range of $10 million to $50 million and debt of up to
$100 million.

Crowe & Dunlevy, P.C. serves as the Debtors' counsel. Judge Sarah
A. Hall is assigned to the cases.

Stephen J. Moriarty has been appointed as Chapter 11 Trustee of
PostRock Energy.

The Official Committee of Unsecured Creditors of PostRock Energy
Corp. has retained Lowenstein Sandler LLP as counsel, and Hall,
Estill, Hardwick, Gable, Golden & Nelson, P.C. as special and local
counsel.


PRAGAT PURSHOTTAM: Authorized to Use Cash Collateral Until Sept. 28
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The Hon. Carol A. Doyle of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized Pragat Purshottam, Inc. to
use the cash collateral upon the terms and conditions in the
Interim Order to avoid immediate and irreparable harm to the
estate.

The Debtor's Motion for Use of Cash Collateral is continued for
final hearing to Sept. 27, 2018 at 10:30 a.m.

The Debtor may use collateral and cash to the extent of plus or
minus 10% of each line item set forth on its Budget. The approved
Budget shows total monthly expenses of in the aggregate amount of
$4,639.

Phoenix REO, LLC is granted a post-petition replacement lien, to
the same extent and with the same priority held prepetition
resulting from its recorded mortgage.

During the interim period, the Debtor will: (a) be authorized to
deposit all cash into its Debtor-in-Possession Accounts or such
other bank as ordered or allowed by the Court; and (b) escrow with
Phoenix REO, 1/12 per month of the annual real estate taxes subject
to a written escrow agreement.

A full-text copy of the Interim Order is available at

           http://bankrupt.com/misc/ilnb18-20221-32.pdf

                   About Pragat Purshottam

Pragat Purshottam, Inc., is a real estate company that owns a
commercial property located at 270-280 Glen Ellyn Road,
Bloomingdale, Illinois.  The company valued the property at
$500,000.

Pragat Purshottam sought protection under Chapter 11 of the
Bankruptcy Code (Bankr.  N.D. Ill. Case No. 18-20221) on July 19,
2018.  In the petition signed by Nikunj Patel, manager, the Debtor
disclosed $505,578 in assets and $1,559,150 in liabilities.  Judge
Carol A. Doyle presides over the case.


PRECIPIO INC: Signs Debt Exchange Agreement with 3 Investors
------------------------------------------------------------
Precipio, Inc., has entered into an exchange agreement with three
institutional investors pursuant to which the Company will issue
promissory notes, due Jan. 1, 2021 in exchange for amounts owed to
the Holders pursuant to certain debt settlement agreements, dated
Oct. 31, 2017.  The Exchange is being made in reliance upon the
exemption from registration provided by Section 3(a)(9) of the
Securities Act of 1933, as amended.

Under the Exchange Agreement, the Company will exchange up to an
aggregate principal amount of $2,701,127 of amounts due under the
DSA for Notes.  Pursuant to the terms of the Notes, the Company
will pay to the Holders the aggregate principal amount of the Notes
in 18 equal installments beginning on Aug. 1, 2019 and ending on
Jan. 1, 2021.

In accordance with the terms of the Notes, the Holder will have the
right, to convert at the then applicable Conversion Price any
amount of the Notes up to $300,000 on any given Trading Day, with a
maximum conversion amount up to $500,000 during a period of five
Trading Days.  The Conversion Price will be the lesser of (i) the
average volume average weighted price for the five trading days
prior to the date of conversion multiplied by 1.65 and (ii) $1.00.

At any time at which there is no Equity Conditions Failure and only
once every ten Trading Days, the Company will have the right, but
not the obligation, to direct the Holders to convert up to 20% of
the then outstanding principal amount of the Notes under specified
conditions.

In the case of a Fundamental Transaction, the Notes provide for
payment of additional consideration (upon a formula specified in
the Notes) upon subsequent conversions of the Notes, and the
Holders will have the right to receive payment for the Notes in the
same form or forms as offered to holders of the Company's common
stock.

The Company will be subject to certain restrictive covenants
pursuant to the Notes, including limitations on (i) amending its
certificate of incorporation and bylaws (ii) indebtedness, (iii)
asset sales or leases, (iv) restricted payments and investments,
(v) redemptions or repurchases of capital stock and (vi)
transactions with affiliates, and the conversion price of the Notes
shall be subject to certain customary adjustments in the event of
stock splits, dividends, rights offerings or other pro rata
distributions to holders of the Company's common stock.

                         About Precipio
  
Omaha, Nebraska-based Precipio, formerly known as Transgenomic,
Inc. -- http://www.precipiodx.com/-- is a cancer diagnostics
company providing diagnostic products and services to the oncology
market.  The Company has developed a platform designed to eradicate
misdiagnoses by harnessing the intellect, expertise and technology
developed within academic institutions and delivering quality
diagnostic information to physicians and their patients worldwide.
Precipio operates a cancer diagnostic laboratory located in New
Haven, Connecticut and has partnered with the Yale School of
Medicine.  

The audit opinion included in the company's Annual Report on Form
10-K for the year ended Dec. 31, 2017 contains a going concern
explanatory paragraph.  Marcum LLP, the Company's auditor since
2016, stated that the Company has a significant working capital
deficiency, has incurred significant losses and needs to raise
additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

Precipio reported a net loss available to common stockholders of
$33.21 million in 2017 and a net loss available to common
stockholders of $4.08 million in 2016.  As of June 30, 2018,
Precipio had $25.88 million in total assets, $13.69 million in
total liabilities and $12.19 million in total stockholders'
equity.

                     Nasdaq Delisting Notice

On March 26, 2018, Precipio received written notice from The Nasdaq
Stock Market LLC indicating that, based on the closing bid price of
the Company's common stock for the preceding 30 consecutive
business days, the Company is not in compliance with the $1.00
minimum bid price requirement for continued listing on the Nasdaq
Capital Market.  The Notice has no immediate effect on the listing
of Precipio's common stock, and its common stock will continue to
trade on the Nasdaq Capital Market under the symbol "PRPO" at this
time.  In accordance with Nasdaq Listing Rule 5810(c)(3)(A),
Precipio has a period of 180 calendar days, or until Sept. 24, 2018
to regain compliance with the Minimum Bid Price Requirement.


PREFERRED PROVIDERS: Seeks Authority to Use Cash Collateral
-----------------------------------------------------------
Preferred Providers, Inc., seeks authority from the U.S. Bankruptcy
Court for the Eastern District of Michigan to use of cash
collateral through the duration of its Chapter 11 case.

The Debtor requires the use of $220,830 of cash collateral through
Sept. 14, 2018 to avoid immediate and irreparable harm to its
estate.

The Debtor has unpaid payroll which was due on Aug. 10, 2018 (for
the period from July 15, 2018 through July 28, 2018) in the amount
of $67,713 for current employees.  The next payroll, estimated at
$62,000, due on Aug. 24, 2018.

In addition, the Debtor's group health insurance policy with Blue
Cross Blue Shield of Michigan for certain key employees was
cancelled prior to the Petition Date.  The Debtor has the right,
however, to reinstate such policy upon payment of $4,939.89 in past
due prepetition premiums.  The Debtor requests authority to pay
this reinstatement amount in full from cash collateral so that
insurance coverage may continue for employees.

As part of its request to use cash collateral, the Debtor is also
asks the Court allow it to make (a) postpetition retainer payments
of $5,000 per month to its bankruptcy counsel, Todd M. Halbert, and
(b) postpetition retainer payments of $500 per month to its
accountant, John Bohl & Associates, who will assist in plan
formulation. Such retainer payments will constitute security for
professional fees awarded by the Court and will be held in escrow
pending the entry of appropriate fee orders or other orders of the
Court.

The Debtor has three creditors who may claim to have secured
interests in cash collateral:

     (1) Chelsea State Bank claims that the Debtor is indebted to
Bank in the approximate amount of $322,000, and that it has a first
lien and security interest in cash collateral.

     (2) State of Michigan, claiming that as of the Petition Date,
the Debtor was indebted to the State in the approximate amount of
(a) $20,000 for unemployment taxes, interest, and penalties secured
by a second lien and security interest in cash collateral, and (b)
$63,000 for withholding taxes, interest, and penalties secured by a
third lien and security interest in cash collateral.

     (3) Internal Revenue Service claims that the Debtor was
indebted to it in the approximate amount of $460,000 for taxes,
interest, and penalties, and that certain of the IRS Debt may be
secured by a lien and security interest in cash collateral.

The Debtor believes that no entities other than Chelsea State Bank,
State of Michigan or IRS have or may claim an interest in its cash
collateral.

The Debtor proposes to provide the Chelsea State Bank, the State of
Michigan, and the IRS with adequate protection through replacement
liens.  The replacement liens to be granted to Chelsea State Bank,
the State of Michigan, and the IRS will have the same priority as
any valid, perfected, and enforceable prepetition liens held by
them in Cash Collateral as of the Petition Date.

A full-text copy of the Debtor's Motion is available at

           http://bankrupt.com/misc/mieb18-51350-8.pdf

                     About Preferred Providers

Preferred Providers, Inc., is a home healthcare agency that
operates patient homes and assisted living facilities.

Preferred Providers, based in Ann Arbor, MI, filed a Chapter 11
petition (Bankr. E.D. Mich. Case No. 18-51350) on Aug. 15, 2018.
In the petition signed by Ronald Cleland, president, the Debtor
disclosed $245,342 in assets and $1,321,999 in liabilities.  The
Hon. Marci B. McIvor presides over the case.  Todd M. Halbert,
Esq., serves as bankruptcy counsel.


PRINCESS POLLY: Amends Plan to Address Objections
-------------------------------------------------
Princess Polly Anna Coal, Inc., filed with the U.S. Bankruptcy
Court for the Southern District of West Virginia a second amended
disclosure statement dated September 12, 2018, explaining its
Chapter 11 plan, after the Bankruptcy Judge denied approval of the
prior filed disclosure statement during the hearing on Aug. 28.

Terex Financial Services, Inc., the Internal Revenue Service, the
United States Trustee, R.T. Rogers Oil Company, Ford Motor Company,
LLC, Cater Machinery Co. Inc., and Caterpillar Financial Services
Corporation, separately objected to the adequacy of the prior filed
Disclosure Statement.

The Second Amended Disclosure Statement addresses the objections
raised by the objecting parties.

Under the Second Amended Disclosure Statement, Class 2 consists of
the Pre-Petition Tax Claims held by the Internal Revenue Service,
West Virginia State Tax Department, the Greenbrier County Sheriff
and any other taxing entity, known or unknown, holding a Tax Claim
against the Debtor.  After payment of the Article 2 Unclassified
Expenses and reservation of future Article 2 expenses, Class 2
shall be paid by the Disbursing Agent from the Unsecured Creditors
Funds until their Claims are paid in full with statutory interest.
All penalties shall become Unsecured Claims allowable in Class 13.
No payment from the Unsecured Creditors Funds shall be made until
all claims filed under Class 2 have been satisfied.

Class 3 consists of the Claim of Ford Motor Credit Company.  Ford
Motor Credit Company shall have an Allowed Secured Claim equal to
the amount of its debt a shown on the Proof of Claim, Claim Nos. 2
and 3 net of adequate protection payments and credits.  The Debtor
shall make 60 monthly payments of this Allowed Secured Claim with
interest at the rate of 5% per annum from the Secured Creditors
Funds beginning in the first month following the Effective Date
until the Allowed Secured Claim is paid in full, at which time Ford
Motor Credit Company shall release its title lien upon its
collateral.

Class 6 consists of the Claims of Terex Financial Service.  The
Terex Financial Service shall have an Allowed Secured Claim equal
to the amount of its debt a shown on the Proof of Claim, Claim Nos.
20 net of adequate protection payments and credits.  The Debtor
shall make 60 monthly payments of this Allowed Secured Claim with
interest at the rate of 5% per annum from the Secured Creditors
Funds beginning in the first month following the Effective Date
until the Allowed Secured Claim is paid in full, at which time
Terex Financial Service shall release its title lien.

Class 7 consists of the Claim of Caterpillar Financial Services
Corp.:

   (a) the Debtor will pay Caterpillar Financial Services Corp. an
amount equal to the fair market value of its
collateral($1,200,000).  The Debtor shall make 60 monthly payments
of this amount with interest at the rate of 5% per annum from the
Secured Creditors Funds beginning in the first month following the
Effective Date until the amount equal to the fair market value of
its collateral is paid in full, at which time Caterpillar Financial
Services Corp. shall release its lien upon its collateral.

   (b) The Debtor in arrears on postpetition payments to this
creditor.  The Debtor seeks to have this arrearage treated as an
administrative claim and paid from the Administrative Creditors
Fund at a rate of $2 a ton until such arrerage is satisfied.

Class 8 consists of the Claim of Spring Creek Energy Company, LLC.
Spring Creek Energy shall have an Allowed Secured Claim equal to
the amount of its debt a shown on its Proof of Claim No. 14 net of
adequate protection payments.  The Debtor shall make 60 monthly
payments of this Allowed Secured Claim with interest at the rate of
5% per annum from the Secured Creditors Funds beginning in the
first month following the Effective Date until the Allowed Secured
Claim is paid in full, at which time Spring Creek Energy shall
release its lien upon its collateral.

Class 9 consists of the Claim of United Bank, Inc.  United Bank
shall have an Allowed Secured Claim in the amount equal to the
amount of its debt as shown on its Proof of Claim, net of adequate
protection payments.  The rights and remedies of United Bank shall
remain unaltered, and its claim shall be paid in full out of the
Secured Creditors Funds.  Upon payment in full, United Bank shall
release its lien upon its collateral.  The Debtor is two monthly
payments in arrears to United Bank.

Class 10 consists of the Unsecured Claims under $2,500 as a
"convenience class."  Any Unsecured Creditor in Class 11 with a
claim greater than $2,500 may opt into Class 10, forgive their debt
in excess of $2,500 and receive a distribution of $2,500 before the
Class 11 Unsecured Claims are paid.  After deductions of the
Article 2 expenses and the projections and reservation of future
Article 2 expenses, and after payment in full of the Class 1
Arrearages arising from Assumed Contracts and Leases and the Class
2 Priority Tax Claims, then the Creditors in this Class shall be
paid from the Unsecured Creditors Funds until their Allowed Claims
are paid in full.

Class 11 consists of the Allowed Unsecured Claims, being Creditors
who hold Non-Priority Claims against the Debtor, not secured by any
collateral.  The Unsecured Claims include the Deficiency Claims,
Rejection Claims, Guarantee Claims and subordinated tax penalties.
After payment in full of Administrative Claims, Classes 1, 2 and
10, the Creditors in this Class shall be paid from the unsecured
Creditors Funds, pro rata, until their Claims are all paid in full
or until the end of the Term, whichever event occurs first. Any
Creditor in this Class 11 may make an election on its ballot to be
treated as a Creditor in Class 12 with an Allowed Claim of $2,500
and to receive the maximum distribution in that Class of $2,500;
provided, however, that the election may be made only on its ballot
during the voting on the Confirmation of the Plan and once made
shall be irrevocable.

Class 12 (Unsecured Critical Vendor Claims) will have Critical
Vendor Claim in the amount equal to the amount of debt as shown on
Claim # 10-1 and 11-1 of RT Rogers Oil Co., Inc., and Claim 12-1
and 13-1 of Crossfire, Inc., who shall be paid pursuant to the
provisions of Article1.82 of the Plan.

Classes 2 through 12 are impaired and will be entitled to vote for
or against the Plan.

The Second Amended Disclosure Statement further provides that the
Debtor shall have the right to refinance the Secured Creditors in
Classes 3 through 11 during the Term upon such terms and conditions
that are more favorable than the existing terms; provided, however,
that such refinancing coupled with borrowing additional money can
occur during the Term if such decision is made by the Debtor in the
ordinary course of business as necessary for the continued
operation or expansion of the mining business.

A copy of the Second Amended Disclosure Statement from
PacerMonitor.com is available at https://tinyurl.com/y9zxqo5p at no
charge.

                   About Princess Polly Anna

Headquartered in Lewisburg, West Virginia, Princess Polly Anna,
Inc., filed for Chapter 11 bankruptcy protection (Bankr. S.D. W.V.
Case No. 17-50060) on March 1, 2017.  In the petition signed by
Frederick J. Taylor, president, the Debtor estimated its assets at
up to $50,000 and its liabilities at between $1 million and $10
million.  

Judge Frank W. Volk presides over the case.

John F. Leaberry, Esq., at the Law Office of John Leaberry serves
as the Debtor's bankruptcy counsel.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Princess Polly Anna, Inc., as
of April 6, 2017, according to a court docket.

The Debtor was organized April 24, 1984, by Frederick J. Taylor
with the filing of its Articles with the West Virginia Secretary of
State's Office. In 2012 the Debtor was to begin contract mining
services on Big Mountain in Greenbrier County, West Virginia.


PUERTO RICO: PRHS, 2 Others Resign from Committee
-------------------------------------------------
The U.S. Trustee for Region 21 on Sept. 19 disclosed in a filing
with the U.S. Bankruptcy Court for the District of Puerto Rico that
Puerto Rico Hospital Supply, Total Petroleum Puerto Rico, Corp.,
and Peerless Oil and Chemicals have resigned from the official
committee of unsecured creditors in the bankruptcy cases of the
Commonwealth of Puerto Rico and three other debtors.

The agency appointed one additional committee member, Tradewinds
Energy Barceloneta, LLC.   

Tradewinds' address is:

     Tradewinds Energy Barceloneta, LLC  
     1760 Loiza Street, Suite 303
     San Juan, PR 00911

                         About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70 billion,
a 68% debt-to-GDP ratio and negative economic growth in nine of the
last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III of
2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ('PROMESA').

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21, 2017.  On July 2, 2017, a Title III case was commenced for
the Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that may
be referred to her by Judge Swain, including discovery disputes,
and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets, as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are on-board as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets Inc.
is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains a case web site at
https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                    Bondholders' Attorneys

Kramer Levin Naftalis & Frankel LLP and Toro, Colon, Mullet, Rivera
& Sifre, P.S.C. and serve as counsel to the Mutual Fund Group,
comprised of mutual funds managed by Oppenheimer Funds, Inc., and
the First Puerto Rico Family of Funds, which collectively hold over
$4.4 billion of GO Bonds, COFINA Bonds, and other bonds issued by
Puerto Rico and other instrumentalities.

White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS
Family of Funds and the Puerto Rico Family of Funds, which hold
$613.3 million in COFINA bonds.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell,
Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam &
Lausell are co-counsel to the ad hoc group of General Obligation
Bondholders, comprised of Aurelius Capital Management, LP, Autonomy
Capital (Jersey) LP, FCO Advisors LP, and Monarch Alternative
Capital LP.

Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are
co-counsel to the ad hoc coalition of holders of senior bonds
issued by COFINA, comprised of at least 30 institutional holders,
including Canyon Capital Advisors LLC and Varde Investment
Partners, L.P.

Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon
Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson
Kempner Capital Management LP, OZ Management, LP, and OZ Management
II LP (the QTCB Noteholder Group).

                          Committees

The U.S. Trustee formed an official committee of retirees and an
official committee of unsecured creditors of the Commonwealth.  The
Retiree Committee tapped Jenner & Block LLP and Bennazar, Garcia &
Milian, C.S.P., as its attorneys.  The Creditors Committee tapped
Paul Hastings LLP and O'Neill & Gilmore LLC as counsel.


R.R. DONNELLEY: S&P Alters Outlook to Negative & Affirms 'B' ICR
----------------------------------------------------------------
S&P Global Ratings revised its rating outlook on Chicago-based R.R.
Donnelley & Sons Co. (RRD) to negative from stable. At the same
time, S&P affirmed its 'B' issuer credit rating and its 'BB-'
issue-level rating on the asset-based lending facility (ABL).

S&P said, "We also assigned our 'B+' issue-level rating on the
proposed senior secured term loan. The recovery rating on the loan
is '2', indicating our expectation of substantial (70%-90%; rounded
estimate: 85%) recovery in the event of payment default. RRD is the
borrower under the proposed senior secured term loan.
At the same time, we lowered our issue-level rating on the senior
unsecured notes to 'B-' from 'B'. The recovery rating on these
notes is '5', indicating our expectation of modest (10%-30%;
rounded estimate: 10%) recovery in the event of payment default."

The negative outlook reflects the risk that weaker-than-expected
operating performance, greater cost pressures, or
slower-than-expected debt repayments could keep leverage above the
low-5x area over the next 12-24 months. S&P said, "The downgrade on
the senior unsecured notes reflects our expectation for lower
noteholder recoveries, under our hypothetical default scenario,
given the higher amount of senior ranking debt following the
proposed senior secured term loan issuance."

S&P said, "The negative outlook reflects our opinion that RRD's
adjusted leverage in the mid-5x area is very high given the
structural headwinds in the commercial printing industry and there
is minimal margin for additional leverage at the current 'B'
rating. It also reflects the risk that weaker-than-expected
operating performance, greater cost pressures, or
slower-than-expected debt repayments could keep leverage above the
low-5x area.

"We could lower our issuer credit rating on RRD if we expect
leverage to remain above the low-5x area or adjusted FOCF-to-debt
to remain or below 5%, which could result from
single-digit-percentage revenue declines and adjusted EBITDA
margins falling below the mid-6% area. We could also consider a
downgrade if the company initiates shareholder-rewarding programs
or pursues large debt-financed acquisitions that change our view of
its financial policy.

"We could revise our outlook back to stable if we expect the
company to decrease leverage to the 5x area and retain FOCF-to-debt
well above 5%. This could result from organic
single-digit-percentage revenue growth and expanding adjusted
EBITDA margins. A stable outlook could also result from significant
debt prepayment such that leverage decreases to the 5x area or
below."


REAGOR-DYKES MOTORS: Taps Elm Tree Advisors as Investment Banker
----------------------------------------------------------------
Reagor-Dykes Motors, LP and its debtor-affiliates seek authority
from the U.S. Bankruptcy Court for the Northern District of Texas
(Lubbock) to hire Elm Tree Advisors V LLC as investment banker.

Services to be rendered by Elm Tree are:

     a. assist Reagor-Dykes in the review and distribution of
marketing and related solicitation materials, including financial
projections and business plan presentations, in an effort to create
interest in and to consummate a sale(s) of assets;

     b. canvas the marketplace to identify and contact potential
qualified buyers, evaluate indications of interest and proposals
regarding a sale(s) from potential purchasers;

     c. work closely with the Debtors’ professionals to assist
first in collecting and coalescing information for a data room, and
second coordinating and arranging for potential buyers to conduct
due diligence investigations, together with the execution of normal
and customary non-disclosure agreements, and participating as a
representative of Reagor-Dykes in negotiations with potential
purchasers and their advisors;

     d. assist Reagor-Dykes with the development, structuring,
negotiation and implementation of any sale(s);

     e. advise and attend meetings of Reagor-Dykes’ principals,
creditor groups, official constituencies and other interested
parties, as Reagor-Dykes determines to be necessary or desirable;
and

     f. provide such other financial advisory services as may be
agreed upon by Elm Tree and Reagor-Dykes.

Elm Tree's compensation are:

-- DEFERRED COMPENSATION FEE. To engage Elm Tree to perform
financial advisory and consulting services, Reagor-Dykes shall pay
Elm Tree a fee equal to 1.00% of the total value of the investment
into or on behalf of Reagor-Dykes and obligations of Reagor-Dykes
assumed by any third party incident to the closing of a sale
pursuant to the Sale Motion.

-- EXPENSE REIMBURSEMENT. Without regard to whether a sale is
consummated, reasonable and documented out-of-pocket travel and
lodging expenses incurred by Elm Tree during the term of the
engagement in connection with the services rendered.

John Thompson, Jr., founder and a principal of Elm Tree Advisors V,
LLC, attests that neither the Firm nor any of its professionals is
a creditor, an equity security holder, or an insider of the Debtors
as of the Petition Date; is or was, within two years before the
Petition Date, a director, officer or employee of the Debtors; or
has an interest materially adverse to the interest of the estate or
of any class of creditors or equity security holders, by reason of
any direct or indirect relationship to, connection with or interest
in the Debtors or for any other reason.

The firm can be reached through:

     John Thompson, Jr.
     Elm Tree Partners, LLC
     3112 Windsor Rd Ste 365-A
     Austin, TX 78701
     Tel: (512) 482-3299
     Fax: (512) 482-3298

                     About Reagor-Dykes Motors

Dykes Auto Group -- https://www.reagordykesautogroup.com/ -- is a
dealer of automobiles headquartered in Lubbock, Texas. The Company
offers new and used vehicles, automobile parts, and other related
accessories, as well as car financing, leasing, repair, and
maintenance services. Some of its new vehicles include brands like
Ford, Toyota, GMC, Cadillac, Chevrolet and Buick.

Reagor-Dykes Motors, LP, based in Lubbock, TX, and its
debtor-affiliates sought Chapter 11 protection (Bankr. N.D. Tex.
Lead Case No. 18-50214) on Aug. 1, 2018.  In its petition, the
Debtors estimated $10 million to $50 million in both assets and
liabilities. The petition was signed by Bart Reagor, managing
member of Reagor Auto Mall I, LLC, general manager and Rick Dykes,
managing member of Reagor Auto Mall I, LLC, general partner.

The Hon. Robert L. Jones presides over the case.  

David R. Langston, Esq., at Mullin Hoard & Brown, L.L.P., serves as
bankruptcy counsel.  BlackBriar Advisors LLC personnel is serving
as CRO for the Debtor.


REVLON INC: Egan-Jones Lowers Senior Unsecured Ratings to CCC
-------------------------------------------------------------
Egan-Jones Ratings Company, on September 11, 2018, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Revlon Incorporated to CCC from CCC+.

Revlon, Inc. is an American multinational cosmetics, skin care,
fragrance, and personal care company founded in 1932 and based in
New York City.


RMR OPERATING: Red Mountain to End Ownership of 3 Operating Units
-----------------------------------------------------------------
RMR Operating, LLC, et al., filed with the U.S. Bankruptcy Court
for the Northern District of Texas, Dallas Division, a disclosure
statement explaining its fifth amended joint Chapter 11 plan dated
September 12, 2018.  The Debtors in this Chapter 11 case are
composed of RMR Operating, LLC; Red Mountain Resources, Inc.; Cross
Border Resources, Inc.; and Black Rock Capital, Inc.
  
According to the Disclosure Statement, the Plan proposes a
streamlining of the Debtors operations by eliminating Red
Mountain's ownership of the operating subsidiaries, Black Rock,
RMR, and Cross Border.  If the Plan is confirmed, Red Mountain will
be dissolved and all holders of Allowed Interests in Red Mountain
will receive no distribution under the Plan.

Red Mountain's ownership of its operating subsidiaries will be
transferred to holders of Allowed Class 4RR Claims and Allowed
Class 4CB Claims making the Stock Election and to the Plan Funder,
StoneStreet.  Thus, Black Rock and RMR will become wholly-owned
subsidiaries of Cross Border.  Cross Border will be the new parent
entity for the Reorganized Debtors owned by the Plan Funder,
holders of Allowed Class 4RR Claims and Allowed Class 4CB Claims,
and any other existing Allowed Interest Holders of Cross Border.

Holders of Allowed General Unsecured Claims against Black Rock and
Red Mountain receive distributions from the Black Rock Available
Cash and the Red Mountain Available Cash, the majority of which is
being contributed by the Plan Funder.  The Debtors predict that
based upon the Debtors' Schedules, this will result in a 16%
distribution to Holders of Allowed Class 6RD Claims and a 100%
distribution to Holders of Allowed Class 6BR Claims.  However, if
unscheduled claims are allowed against either of these entities,
distributions could be diminished.  General Unsecured creditors of
RMR receive no distribution.  Holders of General Unsecured Claims
against Cross Border are paid in full over a 10 year time horizon
beginning one year after the Effective Date.

The Disclosure Statement further provides that for Classes 2CB and
2BR: Any Allowed Claims of Interest Burden Payees, the Plan
provides that on the later of the Effective Date or the day upon
which a Contested Class 2CB or 2BR Claim becomes Allowed, in full
and final satisfaction of its Allowed Class 2CB or 2BR Claim, each
holder of an Allowed Secured Claim in Class 2CB or 2BR shall
receive a Cash payment equal to such Allowed Class 2CB or 2BR
Claim, with interest as provided under applicable non-bankruptcy
law.

Notwithstanding any contractual provision or applicable law that
entitles the holder of an Allowed Class 2CB or 2BR Claim to demand
or receive accelerated payment of such claim after the occurrence
of a default, unless an objection to Plan is received demanding
cure of a specified default, entry of the Confirmation Order will:

   i. be deemed to cure any default that occurred before or after
the Petition Date, other than a default of a kind specified in
Bankruptcy Code Section 365 [b][2];

   ii. reinstate the maturity of such Allowed Class 2CB or 2BR
Claim as such maturity existed before such default;

   iii. finally determine that no compensation is due the holder of
such Allowed Class 2CB or 2BR Claim for any damages incurred as a
result of any reasonable reliance by such holder on such
contractual provision or such applicable law, including but not
limited to any attorney’s fees or costs associated with
enforcement of such Interest Burden Payee’s Allowed Class 2CB or
2BR Claim; and

   iv. otherwise leave unaltered the legal, equitable, or
contractual rights of such holder of such Allowed Class 2CB or 2BR
Claim.

Class 3RD[A] through 3RD[Z], 3RR[A] through 3RR[Z], 3CB[A] through
3CB[Z], and 3BR[A] through 3BR[Z]: Any Allowed Secured Claims not
Otherwise Classified.  The Plan provides that on the later of the
Effective Date or the day upon which a Contested Class 3RD, 3RR,
3CB or 3BR Claim becomes Allowed, in full and final satisfaction of
its Allowed Class 3RD, 3RR, 3CB or 3BR Claim, each holder of an
Allowed Class 3RD, 3RR, 3CB or 3BR Claim against a Debtor, shall
receive, at the applicable Reorganized Debtor’s option, either
[i] a Cash payment in the amount of such holder’s Allowed Class
3RD, 3RR, 3CB or 3BR Claim; [ii] payment pursuant to the
pre-Petition Date agreements between such holder and such
applicable Debtor and retention of its Liens to secure the payment
of the Allowed Class 3RD, 3RR, 3CB or 3BR Claim, or [iii] the
surrender to such holder of all Collateral securing such Allowed
Class 3RD, 3RR, 3CB or 3BR Claim in accordance with In re Sandy
Ridge Development Corp, 881 F.2d 1346 [5th Cir. 1989], in which
case such Allowed Class 3RD, 3RR, 3CB or 3BR Claim shall be deemed
paid in full and fully satisfied and any deficiency thereon shall
be treated as a Class 6 General Unsecured Claim against the Debtor
which is liable for the Allowed Class 3 Claim.

For purposes of the Plan, each Allowed Class 3RD, 3RR, 3CB or 3BR
Claim shall be deemed separately classified into a subclass by
Debtor [e.g., 3RD[A], 3RD[B], 3RR[A], 3RR[B], 3CB[A], 3CB[B],
3BR[A], 3BR[B]] and the election made above made be made
independently as to each such subclass.  In the event that a
Reorganized Debtor elects to provide the treatment referenced under
[ii] of this paragraph, and notwithstanding any contractual
provision or applicable law that entitles the holder of an Allowed
Class 3RD, 3RR, 3CB or 3BR Claim to demand or receive accelerated
payment of such claim after the occurrence of a default, unless an
objection to Plan is received demanding cure of a specified
default, entry of the Confirmation Order will:

   i. be deemed to cure any default that occurred before or after
the Petition Date, other than a default of a kind specified in
Bankruptcy Code Section 365[b][2];

   ii. reinstate the maturity of such Allowed Class 3RD, 3RR, 3CB
or 3BR Claim as such maturity existed before such default;

   iii. finally determine that no compensation is due the holder of
such Allowed Class 3RD, 3RR, 3CB or 3BR Claim for any damages
incurred as a result of any reasonable reliance by such holder on
such contractual provision or such applicable law including but not
limited to any attorney’s fees or costs associated with
enforcement of such holder’s Allowed Class 3RD, 3RR, 3CB or 3BR
Claim; and

   iv. otherwise leave unaltered the legal, equitable, or
contractual rights of such holder of such Allowed Class 3RD, 3RR,
3CB or 3BR Claim.

The Reorganized Debtors and any holder of an Allowed Secured Claim
may agree to any alternate treatment of such Secured Claim, which
treatment shall include preservation of such holder's Lien;
provided, however, that such treatment shall not provide a return
to such holder of an amount having a present value in excess of the
amount of such holder's Allowed Secured Claim.  Each such agreement
shall be presented to the Bankruptcy Court before or within 90 days
after the Effective Date and shall not materially and adversely
impact the treatment of any other creditor under the Plan.

Class 4RD: Any Allowed Priority Non-Tax Claim Against Red Mountain.
The Plan provides that on the later of the Effective Date or the
day upon which a Contested Class 4RD Claim becomes Allowed, in full
and final satisfaction of its Allowed Class 4RD Claim, each holder
of an Allowed Claim in Class 4RDshall receive a Cash payment equal
to such Allowed Class 4RD Claim.

Class 4RR: Any Allowed Priority Non-Tax Claim Against RMR.  The
Plan provides that on the later of the Effective Date or the day
upon which a Contested Class 4RR Claim becomes Allowed, in full and
final satisfaction of its Allowed Class 4RR Claim, each holder of
an Allowed Claim in Class 4RR shall receive at the option of the
holder of the Allowed Class 4RR Claim either [i] a Cash payment
equal to such Allowed Class 4RR Claim; or [ii] a Pro Rata Share of
5% of the Equity Interest in Cross Border calculated based upon the
total Allowed amount of each holder of an Allowed Class 4RR Claim
and Allowed Class 4CB Claim making the Stock Election.  Any holder
of an Allowed Class 4RR Claim making the Stock Election shall
receive no distribution on such holder’s Allowed Class 6RR
Claim.

Class 4CB: Any Allowed Priority Non-Tax Claim Against Cross Border.
The Plan provides that on the later of the Effective Date or the
day upon which a Contested Class 4CB Claim becomes Allowed, in full
and final satisfaction of its Allowed Class 4CB Claim, each holder
of an Allowed Claim in Class 4CB shall receive at the option of the
holder of the Allowed Class 4CB Claim either [i] a Cash payment
equal to such Allowed Class 4CB Claim; or [ii] a Pro Rata Share of
5% of the Equity Interest in Cross Border calculated based upon the
total Allowed amount of each holder of an Allowed Class 4RR Claim
and Allowed Class 4CB Claim.  Any holder of an Allowed Class 4CB
Claim making the Stock Election shall receive no distribution on
such holder’s Allowed Class 6CB Claim.

Classes 5: Any Allowed Claims of Black Shale.  The Plan provides
that Black Shale shall retain all rights under its agreements with
the Debtors. Confirmation of the Plan shall i. be deemed to cure
any default that occurred before or after the Petition Date, other
than a default of a kind specified in Bankruptcy Code Section 365
[b][2]; ii. reinstate the maturity of such Allowed Class 5 Claim as
such maturity existed before such default; iii. finally determine
that no compensation is due the holder of such Allowed Class 5
Claim for any damages incurred as a result of any reasonable
reliance by such holder on such contractual provision or such
applicable law including but not limited to any attorney’s fees
or costs associated with enforcement of such holder’s Allowed
Class 5 Claim; and iv. otherwise leave unaltered the legal,
equitable, or contractual rights of such holder of such Allowed
Class 5 Claim.

Class 6RD: Any Allowed General Unsecured Claims against Red
Mountain.  The Plan provides that on the later of the Effective
Date or the day upon which a Contested General Unsecured Claim in
Class 6RD becomes Allowed, each holder of an Allowed General
Unsecured Claim in Class 6RD shall receive, in full and final
satisfaction of such Allowed Claim, a Cash payment equal to its Pro
Rata Share of the Red Mountain Available Cash after the payment of
the Claims of holders of Allowed Class 4RD Claims.

Class 6RR: Any Allowed General Unsecured Claims against RMR.  The
Plan provides that on holders of Allowed Claims in Class 6RR shall
receive no distribution on account of their Claims.

Class 6CB: Any Allowed General Unsecured Claims against Cross
Border.  The Plan provides that on the later of the Effective Date
or the day upon which a Contested General Unsecured Claim in Class
6CB becomes Allowed, each holder of an Allowed General Unsecured
Claim in Class 6CB shall receive, in full and final satisfaction of
such Allowed Claim, deferred quarterly Cash payments beginning one
year following the Effective Date and ending on the 11th
anniversary of the Effective Date in an amount necessary to
amortize such holder’s Allowed Class 6CB Claim over a eleven year
period with interest at the Federal Judgment Rate.

Class 6BR: Any Allowed General Unsecured Claims against Black Rock.
The Plan provides that on the later of the Effective Date or the
day upon which a Contested General Unsecured Claim in Class 6BR
becomes Allowed, each holder of an Allowed General Unsecured Claim
in Class 6BR shall receive, in full and final satisfaction of such
Allowed Claim, a Cash payment in equal to its Pro Rata share of the
Black Rock Available Cash.

Class 7RD: Equity Interests in Red Mountain.  The Plan provides
that on existing Equity Interests in Red Mountain will be
extinguished.  Accordingly, holders of Class 7RD Equity Interests
will not retain their Equity Interests in Red Mountain.  Red
Mountain will be dissolved under applicable non-bankruptcy law.

Class 7RR: Equity Interests in RMR.  The Plan provides that Equity
Interests in RMR held by Red Mountain will be transferred to Cross
Border.

Class 7CB: Equity Interests in Cross Border.  The Plan provides
that (i) 5% of the Equity Interests in Cross Border held by Red
Mountain will be transferred to holders of Allowed Class 4RR Claims
and Allowed Class 4CB Claims making the Stock Election; (ii) the
remaining 78% of the Equity Interests in Cross Border held by Red
Mountain will be transferred to the Plan Funder; and (ii) any other
Holders of Equity Interests in Class 7CB will retain their Equity
Interests in Cross Border.

Class 7BR: Equity Interests in Black Rock.  The Plan provides that
all Equity Interests in Black Rock held by Red Mountain will be
transferred to Cross Border.

Class 8RR, 8CB and 8BR: Any Allowed Claims of Mineral Owners
against RMR, Cross Border or Black Rock.  The Plan provides that
Mineral Owners with Allowed Claims against RMR, Cross Border or
Black Rock shall retain all rights under their agreements with the
Debtors.

Confirmation of the Plan shall i. be deemed to cure any default
that occurred before or after the Petition Date, other than a
default of a kind specified in Bankruptcy Code Section 365 [b][2];
ii. reinstate the maturity of such Allowed Class 8RR, 8CB or 8BR
Claim as such maturity existed before such default; iii. finally
determine that no compensation is due the holder of such Allowed
Class 8RR, 8CB or 8BR Claim for any damages incurred as a result of
any reasonable reliance by such holder on such contractual
provision or such applicable law including but not limited to any
attorney’s fees or costs associated with enforcement of such
holder’s Allowed Class 8RR, 8CB or 8BR Claim; and iv. otherwise
leave unaltered the legal, equitable, or contractual rights of such
holder of such Allowed Class 8RR, 8CB or 8BR Claim.  

The Disclosure Statement further provides that the Plan Funder will
contribute $100,000 to the Plan.  Red Mountain, RMR, Cross Border
and Black Rock will each will retain sufficient assets to make the
payments called for by the Plan.

The Court has set a hearing on confirmation of the Plan for October
24, 2018, at 2:00 P.M. Central Time.  Written objections to
confirmation of the Plan or the Disclosure Statement, if any, must
be filed on or before October 18.

A copy of the Fifth Amended Disclosure Statement from
PacerMonitor.com is available at https://tinyurl.com/y7jrttcg at no
charge.

                    About RMR Operating LLC

RMR Operating, LLC filed a chapter 11 petition (Bankr. N.D. Tex.
Case No. 16-30988) on March 8, 2016. The Debtors operate an energy
company in the acquisition, development, and exploration of oil and
natural gas properties. The Debtors' operation are focused on the
Permian Basin of West Texas and Southeast New Mexico.

The petition was signed by Alan W. Barksdale, president. The Debtor
is represented by Howard Marc Spector, Esq., at Spector & Johnson,
PLLC.  At the time of the filing, the Debtor estimated assets and
liabilities at $0 to $50,000.


ROWAN COMPANIES: Egan-Jones Lowers Senior Unsecured Ratings to B+
-----------------------------------------------------------------
Egan-Jones Ratings Company, on September 11, 2018, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Rowan Companies plc to B+ from BB-.

Rowan Companies plc is an offshore drilling contractor that
provides well drilling services to the petroleum industry. The
company is incorporated in England and Wales and headquartered in
Houston, Texas.


RR DONNELLEY: Moody's Assigns B1 Rating to New $400MM Term Loan B
-----------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to R.R. Donnelley &
Sons Company's new $400 million senior secured term loan B. As part
of the same action, Moody's affirmed RRD's B2 corporate family
rating, B2-PD probability of default rating, B3 senior unsecured
notes rating, and SGL-3 speculative liquidity rating (indicating
adequate liquidity). Moody's also maintained RRD's stable ratings
outlook.

"We rated R.R. Donnelley's term loan B1, one notch above the
company's B2 corporate family rating, because the facility benefits
from a comprehensive, second-ranking security package," said Bill
Wolfe, a Moody's senior vice president. Wolfe also noted that the
term loan proceeds will reduce amounts outstanding under RRD's
revolving credit facility, and will finance tender offers for
portions of the company's 2020/21/22 debt maturities, thereby
enhancing future refinance prospects. By partially repaying
revolving credit facility outstandings, the transaction also
assures more than ample availability of resources to repay a $172
million bond due February 2019.

The following summarizes the rating action and RRD's ratings:

Issuer: R.R. Donnelley & Sons Company

Assignments:

Senior Secured Term Loan B, Assigned B1 (LGD3)

Affirmations:

Corporate Family Rating, Affirmed at B2

Probability of Default Rating, Affirmed at B2-PD

Speculative Grade Liquidity Rating, Affirmed at SGL-3

Senior Unsecured Notes, Affirmed at B3 (LGD5)

Outlook Actions:

Outlook, Remains Stable

RATINGS RATIONALE

R.R. Donnelley & Sons Company's B2 corporate family rating is based
on free cash flow stemming from asset-lite operations, good
aggregate scale, a flexible cost structure, and adequate liquidity.
RRD's rating is weakly positioned at the B2 rating level, with the
company's credit profile being constrained by expectations that
ongoing secular pressures stemming from digital communication's
continuing erosion of legacy print businesses results, Moody's
adjusted leverage of debt/EBITDA likely remaining above 4.5x
through 2019-20 (5.2x at June 30, 2018), and a lack of forward
visibility of activity levels.

RRD's liquidity as adequate (SGL-3), based on an estimated
available cash balance of nearly $110 million, expected positive
free cash flow of about $100 million over the next four quarters,
and nearly $500 million of availability under its $800 million
revolving credit facility (committed to September, 2022), which
combined, are more than adequate to address RRD's February 2019
$172 million debt maturity.

RRD's $800 million revolving credit facility benefits from
first-ranking security arrangements that provide advantageous
access to realization proceeds, as does the new term loan B,
although on a second lien basis. The new term loan is rated B1, one
notch above the CFR and the unsecured notes rating remains at B3.
Were the term loan to increase beyond $700 million while unsecured
notes decrease by a like amount, the term loan rating would likely
remain at B1 while the senior unsecured notes rating would likely
be downgraded to Caa1.

Rating Outlook

The stable outlook is based on Moody's expectations of debt/EBITDA
declining towards 4.5x in 2019-20 (5.2x at June 30, 2018),
continuing adequate liquidity, manageable debt maturities once the
refinancing is completed, and stable revenue and margins.

Factors that Could Lead to an Upgrade

Solid operating fundamentals with materially positive organic
growth and no worse than stable margins; along with

Leverage of debt/EBITDA expected to be sustained below 4x (5.2x at
June 30, 2018); and

Maintenance of solid liquidity arrangements

Factors that Could Lead to a Downgrade

Were business fundamentals to deteriorate, evidenced by, for
example, organic revenue or EBITDA margin decline; or

Leverage of debt/EBITDA expected to be sustained above 5x (5.2x at
June 30, 2018); or

Were liquidity arrangements to deteriorate.

The principal methodology used in these ratings was Media Industry
published in June 2017.

Headquartered in Chicago, Illinois, R.R. Donnelley & Sons Company
(RRD), is a retail/advertising-centric print/publishing services
company with annual sales of about $6.8 billion.


RUBY'S DINER: U.S. Trustee Forms 3-Member Committee
---------------------------------------------------
The Office of the U.S. Trustee on Sept. 18 appointed three
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case of Ruby's Diner, Inc.

The committee members are:

     (1) Richard Silva
         4012 Flowerwood Lane
         Fallbrook, CA 92028

     (2) John P. Teele
         1917 Yacht Puritan
         Newport Beach, CA 92660

     (3) William E. Pope
         80721 Cherry Hills Drive
         La Quinta, CA 92253

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                        About Ruby's Diner, Inc.

Ruby's Diner, Inc. -- https://www.rubys.com -- is a restaurant
chain headquartered in Irvine, California.  Founded by Doug
Cavanaugh and Ralph Kosmides in 1982, it also has locations in
California, Nevada, Arizona, Texas, Pennsylvania and New Jersey.

Ruby's Diner, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Calif. Case No. 18-13311) on September
5, 2018.  In the petition signed by Douglas S. Cavanaugh, chief
executive officer, the Debtor disclosed that it had estimated
assets of $1 million to $10 million and liabilities of $1 million
to $10 million.  

Judge Catherine E. Bauer presides over the case.


RYMAN HOSPITALITY: S&P Alters Outlook to Negative & Affirms B+ ICR
------------------------------------------------------------------
S&P Global Ratings revised its rating outlook on Nashville-based
Ryman Hospitality Properties Inc. to negative and affirmed the 'B+'
issuer credit rating.

S&P said, "We also affirmed the 'BB' issue-level ratings on Ryman's
secured debt. The recovery rating remains '1', indicating our
expectation of very high (90%-100%; rounded estimate: 95%) recovery
for investors in the event of a default. In addition, we affirmed
the 'BB-' issue-level ratings on Ryman's unsecured notes. The
recovery rating remains '2', indicating our expectation of
substantial (70%-90%; rounded estimate: 80%) recovery for investors
in the event of a default.

"The negative outlook reflects our expectation that leverage at
Ryman will be above 5x over the next two years as a result of the
company's intention to spend $242 million to increase its stake in
its Gaylord Rockies JV to 62% and begin consolidating the JV's debt
on its balance sheet. This level of leverage is weak compared to
our 5x downgrade threshold on Ryman, and we could lower the rating
if the company does not raise equity to help fund the cash
investment and if we believe our measure of Ryman's leverage will
stay above 5x as a result.

"The negative outlook reflects our expectation that leverage at
Ryman will be weaker than our 5x downgrade threshold over the next
two years as a result of the company's intention to spend $242
million to increase its stake in its Gaylord Rockies JV and begin
consolidating the JV's debt on its balance sheet.
We could lower the rating if we believe Ryman will sustain our
measure of leverage above our 5x downgrade threshold, likely as a
result of operating underperformance or investment in a future
Chula Vista project. Downgrade risks are heightened if the company
does not raise funds by issuing equity.

"We could revise the outlook to stable once we are confident that
our measure of total adjusted debt to EBITDA will stay under 5x,
which is likely if the company issues meaningful equity to help
fund the Gaylord Rockies transaction or as a result of a successful
ramp-up of the Gaylord Rockies and good operating performance at
the company's existing hotels. Although unlikely given its leverage
policy, we would consider a higher rating if Ryman were to maintain
adjusted debt to EBITDA below 4x. We could also consider a higher
rating if the company were to pursue additional, nonleveraging
growth opportunities, given that one of its key business strategies
as a real estate investment trust is to grow its distribution
network over the longer term."


S&S SCREW: Discloses More Info on Avoidance Actions
---------------------------------------------------
S&S Screw Machine Company, LLC, filed with the U.S. Bankruptcy
Court for the Middle District of Tennessee, Cookeville Division, a
first amended disclosure statement explaining its Chapter 11 plan
of liquidation.   

The First Amended Disclosure Statement provides the following
additional information regarding the Debtor's assets:

"The Debtor sold substantially all of its assets to Tennessee
Machining, LLC on September 15, 2017. Tennessee Machining, LLC,
which was founded by William Cole, paid approximately $2,400,000
more for the assets than the Debtor was offered by any third party,
presumably because Mr. Cole was obligated to satisfy $3.4 million
in S&S debts to Regions Bank due to a personal guaranty. Among the
assets that were sold were substantially all causes of action
belonging to the Debtor. Although it was not disclosed in the
Debtor's Schedules at the time of the sale to Tennessee Machining,
LLC, the Debtor and its counsel was aware of a possible cause of
action that existed against PACCAR, Inc. that is not based on
Chapter 5 of the Bankruptcy Code; however, the Debtor's counsel
advised the Debtor that any recovery on that cause of action was
highly speculative (because a representative of the Debtor had
agreed to certain payments made to third parties by PACCAR, Inc.
from funds due to the Debtor) and the recovery amount was unknown.
Debtor's counsel advised that any recovery would likely be far less
than that additional $2,400,000 paid for the assets by Tennessee
Machining, LLC. Indeed, as disclosed in an Amended Schedule filed
with this Court after the sale was consummated, Tennessee
Machining, LLC has filed a $1,500,000 lawsuit against PACCAR, Inc.
on account of PACCAR's pre-petition actions relative to the Debtor.
PACCAR, Inc. has denied those allegations and litigation has
commenced. Even if Tennessee Machining, LLC were to recover the
full $1,500,000 from PACCAR, Inc., it would have still paid
$900,000 more for the assets than any third party had offered the
Debtor prior to the approved sale. Moreover, had Tennessee
Machining, LLC not purchased the litigation against PACCAR, absent
Region Bank's agreement to the contrary, any recovery made by the
Debtor during the course of the bankruptcy would have been subject
to Region Bank's properly perfected security interest in accounts
receivable of the Debtor."

"The Debtor did retain ownership of, and the right to pursue,
certain Avoidance Actions under 11 U.S.C. Sections 547 and 548. The
Debtor hereby gives notice of, and preserves for the estate,
adversary proceedings pursuant to 11 U.S.C. Sections 547 and/or 548
against Joseph T. Ryerson & Son, Inc., Kaiser Aluminum Products,
LLC, PACCAR, Inc., Bermo, Inc., Cumberland Container Corporation,
Express Services, Inc., Fastenal Company, Foutch Industries, LLC,
EB Operating, LLC d/b/a Metro Industrial, MSC Industrial Supply
Co., National Industrial Concepts d/b/a NIC Global, Production
Pattern and Foundry, FBF Limited d/b/a Queen City Steel Treating
Company, Technical Plating, Inc. and WPC Holdings, LLC. The Debtor
believes that the most substantial Section 547 and/or Section 548
actions that may exist are against Joseph T. Ryerson & Son, Inc.,
Kaiser Aluminum Products, LLC, and/or PACCAR, Inc.  More
specifically, the Debtor believes that within ninety days prior to
the Petition Date, PACCAR paid approximately $1,400,000 to Kaiser
and Ryerson from funds that were owing the Debtor by Paccar. Upon
information and belief, this was done with approval of the
president of the Debtor, who approved the transfer under economic
duress caused by PACCAR. The $1,400,000, or some portion thereof,
might be recoverable from Kaiser and Ryerson under Section 547 of
the Code, and/or it might be recoverable from PACCAR under Section
548 of the Code. The outcome of this litigation is highly
speculative, as these Avoidance Actions tend to be fact-intensive
and it is believed that Kaiser, Ryerson and/or PACCAR would assert
defenses to the suits, some of which might prove viable."

"Counsel for the Debtor has reached out to Kaiser and Ryerson in an
attempt to resolve these potential adversary proceedings without
need for formal litigation. Both Kaiser and Ryerson have disputed
the legitimacy of these claims. Specifically, they both claim that
the $1,400,000 of transfers made to them by PACCAR were not
transfers of property of the Debtor, as required by 11 U.S.C.
Section 547, and that if there was a transfer of property of the
Debtor it occurred when the Debtor entered into a written agreement
with PACCAR pursuant to which PACCAR had the right to make these
payments, which agreement was entered into prior to the preference
period. The Debtor disputes this defense, and believes that the
facts will show that those funds, though held by PACCAR, Inc., were
in fact property of the Debtor. As such, it seems that litigation
is inevitable."

"Kaiser and Ryerson have offered to settle all potential claims
against them for an aggregate payment of $25,000. The Debtor
believes that confirmation of the Plan and Mr. Cole's funding of
the litigation against Kaiser and Ryerson for 75% of the gross
recovery is a better option for the Debtor's creditors. Kaiser and
Ryerson assert that the Debtor is conflicted in making this
determination because Mr. Cole is the one making the decisions on
behalf of the Debtor and the one who stands to benefit from 75% of
the recovery if the plan is confirmed and he funds the
litigation."

The Plan will be funded as follows: The Debtor will pursue
Avoidance Actions on behalf of the estate. One of the Debtor's
principals, William Cole, has agreed to fund the legal fees and
expenses of pursuing the Avoidance Action of the estate. All
proceeds derived from the Avoidance Actions will be divided as
follows: seventy- five percent (75%) of the gross recovery will be
paid to William Cole, with the Debtor being entitled to retain
twenty-five percent (25%) of the gross recovery. The Debtor will be
entitled to 25% of the gross recovery even if the entire gross
recovery is less than the expenses and attorneys' fees Mr. Cole has
incurred.

A copy of the Amended Disclosure Statement from PacerMonitor.com is
available at https://tinyurl.com/y8vlg2vu at no charge.

                About S&S Screw Machine Company

S&S Screw Machine Company, LLC, doing business as S&S - Precision,
filed a Chapter 11 petition (Bankr. M.D. Tenn. Case No. 16-06829)
on Sept. 24, 2016.  The petition was signed by Lawrence J. Battle,
authorized member.  The Debtor estimated assets and liabilities at
$1 million to $10 million at the time of the filing.

The case is assigned to Judge Randal S. Mashburn.  

Phillip G. Young, Jr., Esq., at Thompson Burton PLLC, is serving as
counsel to the Debtor.

The Office of the U.S. Trustee on Nov. 10, 2016, appointed three
creditors to serve on an Official Committee of Unsecured
Creditors.

The committee members are: Kenny Wine, of Joseph T. Ryerson & Son;
Del Miller, of Kaiser Aluminum Fabricated Products; and Stephen L.
Cochran, of Production Pattern & Foundry Co.

The Committee tapped Paul G. Jennings, Esq., at Bass Berry & Sims
PLC, as its counsel.


SAMARITAN COMMUNITY: Judge Signs Fifth Cash Collateral Order
------------------------------------------------------------
The Hon. Deborah Thorne of the U.S. Bankruptcy Court for the
Northern District of Illinois has signed a fifth order authorizing
New Good Samaritan Community Services the right to use the cash
collateral of PSB Credit Services for the time period from Aug. 21,
2018 to Oct. 25, 2018.

The approved Budget provides total monthly cash disbursements of
approximately $2,459.

PSB Credit Services is granted replacement liens upon the property
of the Debtor's Estate and all the revenues, profits and avails
generated therefrom after commencement of this case that will have
the same validity, extent and priority as the liens held by PSB
Credit Services pre-petition. Additionally, the Debtor will pay PSB
Credit Services the amount of $1,000 on the 15th of each month as
adequate protection.

In addition, the Debtor agrees as follows:

     (a) The Debtor will provide weekly reports and pictures to PSB
Credit Services of the work being completed at the subject
property, which reports will identify how each repair relates to
and remedies a specific building code violation alleged by the City
of Chicago in its First Amended Complaint filed on May 22, 2018.
These Weekly Progress Reports will be sent by Debtor directly to
the following representative of PSB Credit Services: Joe DeGroot --
JoeD@prinsbank.com -- and Kevin Mulder --
KevinMulder@prinsbank.com;

     (b) The Debtor will provide PSB Credit Services with a list,
sworn to by Debtor, of all contractors working on the subject
property along with each contractors' contact information. The
Debtor grants PSB Credit Services permission to directly contact
the identified contractors to confirm each contractor's receipt of
payments. In addition, the Debtor will provide weekly evidence to
PSB Credit Services of Debtor's payments to the contractors and any
outstanding amounts due; and

     (c) The Debtor further agrees to increase the Adequate
Protection Payments for any future order authorizing Debtor's use
of cash collateral.

The Debtor's continued cash collateral use will be set for status
on October 22, 2018 at 10:00 a.m.

A full-text copy of the Fifth Order is available at

           http://bankrupt.com/misc/ilnb17-18184-80.pdf

             About New Good Samaritan Community Services

New Good Samaritan Community Services filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Ill. Case No. 17-18184) on June 15, 2017.  In
the petition signed by its pastor and president, Robert Marwill,
the Debtor estimated assets of less than $500,000 and debt of less
than $100,000.  Karen J. Porter, Esq., at Porter Law Network,
serves as bankruptcy counsel.


SANDY CREEK: Bank Debt Trades at 12% Off
----------------------------------------
Participations in a syndicated loan under which Sandy Creek Energy
Associates is a borrower traded in the secondary market at 88.05
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.73 percentage points from
the previous week. Sandy Creek pays 400 basis points above LIBOR to
borrow under the $1.025 billion facility. The bank loan matures on
November 6, 2020. Moody's rates the loan 'B3' and Standard & Poor's
gave a 'B-' rating to the loan. The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday,
September 7.


SANGO POOL: Taps Lefkovitz & Lefkovitz as Legal Counsel
-------------------------------------------------------
Sango Pool and Spa, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Tennessee to hire Lefkovitz &
Lefkovitz as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; assist in the preparation of a bankruptcy plan;
and provide other legal services related to its Chapter 11 case.

The firm will charge these hourly rates:

     Steven Lefkovitz        $555
     Associate Attorneys     $350
     Paralegals              $125

Steven Lefkovitz, Esq., at Lefkovitz, disclosed in a court filing
that he and his firm neither hold nor represent any interest
adverse to the Debtor's estate.

The firm can be reached through:

     Steven L. Lefkovitz, Esq.
     Lefkovitz & Lefkovitz
     618 Church Street, Suite 410
     Nashville, TN 37219  
     Phone: 615-686-2279
     Fax: 615-255-4516
     Email: slefkovitz@lefkovitz.co

                    About Sango Pool and Spa

Sango Pool and Spa, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Tenn. Case No. 18-05552) on August 20,
2018.  At the time of the filing, the Debtor estimated assets of
less than $500,000 and liabilities of less than $1 million.  Judge
Marian F. Harrison presides over the case.


SEMGROUP CORP: S&P Affirms B+ Issuer Credit Rating, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' long-term issuer credit and
senior unsecured debt ratings on Tulsa, Okla.-based pipeline
company SemGroup Corp. The outlook is stable.

S&P said, "The '4' recovery rating on the senior unsecured notes is
unchanged, reflecting our expectation of average (30%-50%; rounded
estimate: 35%) recovery in the event of default. S&P Global Ratings
also affirmed its 'BB' issue-level rating on the company's senior
secured debt rating. The '1' recovery rating on the debt is
unchanged. The '1' recovery rating on the senior secured revolving
credit facility reflects our expectation of very high (90%-100%;
rounded estimate: 95%) recovery in a default scenario."

The affirmation follows SemGroup's sale of a 49% interest in its
Maurepas pipeline asset to Alinda Capital Partners for $350
million. The Maurepas pipeline system consists of three separate
transportation pipes serving refineries in Louisiana's Gulf Coast
region:

-- A 24-inch, 34.2-mile crude oil pipeline connected to LOCAP LLC,
crossing the Mississippi River and terminating at Shell Norco
Refining Co.'s refinery;

-- A 12-inch, 35-mile intermediate pipeline between the Norco and
Convent refineries; and

-- A 6-inch, 34-mile intermediate pipeline between the Norco and
Convent refineries.

The stable outlook reflects S&P's expectation of stable cash flow
underpinned by take-or-pay and fee-based contracts, operational
performance in line with its expectation, adequate liquidity, and
consolidated adjusted debt-to-EBITDA ratio of 5.5x-6x in 2018 and
2019.


SENIOR NH: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Senior NH, LLC
           dba Enid Senior Care
        Two Buckhead Plaza
        3050 Peachtree Rd., NW
        Suite 570
        Atlanta, GA 30305

Business Description: Senior NH, LLC is a privately held company
                      in Enid, Oklahoma that operates skilled
                      nursing care facilities.

Chapter 11 Petition Date: September 21, 2018

Case No.: 18-65904

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: Theodore N. Stapleton, Esq.
                  THEODORE N. STAPLETON, P.C.
                  Suite 100-B
                  2802 Paces Ferry Road
                  Atlanta, GA 30339
                  Tel: (678) 361-6211
                       (770) 436-3334
                  Fax: (404) 935-5344
                  Email: tstaple@tstaple.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Christopher F. Brogdon, managing
member.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at:

           http://bankrupt.com/misc/ganb18-65904.pdf


SERTA SIMMONS: Bank Debt Trades at 14% Off
------------------------------------------
Participations in a syndicated loan under which Serta Simmons
Bedding LLC is a borrower traded in the secondary market at 85.73
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents an increase of 0.57 percentage points from
the previous week. Serta Simmons pays 350 basis points above LIBOR
to borrow under the $1.95 billion facility. The bank loan matures
on November 8, 2023. Moody's rates the loan 'B3' and Standard &
Poor's gave a 'B-' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, September 7.


SHARKNINJA PARENT: S&P Lowers ICR to 'B+', Outlook Stable
---------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Needham,
Mass.-based Compass Cayman SPV Ltd to 'B+' from 'BB-' (for purposes
of the ratings, S&P views Compass Cayman SPV Ltd. and its operating
subsidiaries as a group and will refer to the company as
SharkNinja). The outlook is stable.

S&P said, "At the same time, we lowered our issue-level ratings on
the company's senior secured facilities to 'B+' from 'BB-'. The
recovery ratings remain '3', indicating our expectation that
lenders would receive meaningful (50% to 70%, rounded estimate 65%)
recovery in the event of a payment default. The issuer of the
senior secured credit facilities is Global Appliance Inc., a
subsidiary of Compass Cayman SPV Ltd.

"We estimate the company had roughly $1.37 billion of adjusted debt
as of June 30, 2018, inclusive of capitalized operating leases and
the put option agreement, and approximately $748 million of funded
debt.

"The downgrade reflects the increased risk of a call on cash or
increase in debt because of the put option agreement. We now view
the company's adjusted leverage higher as a result of its inclusion
in our analysis, which we did not previously factor into our
ratings. The company entered into the put option agreement at the
time of its recapitalization in September 2017 and its inclusion
increases our estimate for adjusted debt leverage for the 12 months
ended June 30, 2018, to approximately 8.3x from 4.5x. Pursuant to
the agreement, the minority shareholder can exercise the put option
after the earlier of the third anniversary of the closing date of
the acquisition (Sept. 30, 2020) or any time after the board of
directors decides to engage a specific sponsor or underwriter in
connection with a proposed initial public offering (IPO) of the
shares of the company. As of the date on which an IPO is completed,
the minority shareholders right to exercise the put option expires.
However, if an IPO is not completed, the minority shareholder can
require the company to repurchase all or a portion of their shares
after September 2020 resulting in a potential liquidity event for
the company, which represented a liability of $627.8 million as of
Dec. 31, 2017. Furthermore, the company's current credit agreement
prohibits such a liquidity event that would cause the company to be
in breach or default under its financing agreements. However, in
the event the company cannot pay the put option amount, then it
becomes a promissory note of the company. Thus, given the
redemption is outside the control of the company, we view this as a
debt like liability and consolidate it in our adjusted leverage as
it will either result in an immediate cash outflow or note payable
for the company if an IPO does not occur under the specified
timeframe posing a risk we had not previously considered.

"The stable outlook reflects our expectation that the company
should continue to grow its revenues and EBITDA from new product
innovations and geographic expansion, maintain healthy free
operating cash flow generation, and reduce debt leverage to the
4.0x to 4.5x range over the next 12 months and 7.0x to 7.5x
inclusive of the put option agreement. We also expect the company
to continue achieve synergies under with its Chinese parent,
resulting in improved operating margins and increased cash flow.

"We could lower the ratings if the company is unable to grow EBITDA
as forecasted and is unsuccessful at managing a rapid growth
strategy, resulting in margin deterioration and adjusted debt
leverage maintained above 8x including the options, 5.0x excluding
the options, and does not generate at least $40 million of free
cash flow through its regular seasonal working capital peak cycle,
over the next 12 months. We believe this could occur if the company
does not grow revenues in at least the low-single digits because of
unsuccessful product launches or increased competition, resulting
in market share losses and declining EBITDA margins because of
operational inefficiencies. This could also occur if the company
needs to invest more than anticipated for its new products and
international market expansions leading to lower than forecasted
free cash flow.

"Although unlikely during the next 12 months, we could raise the
ratings if SharkNinja restructures the put option, whereby it is no
longer a potential call on cash or future debt obligation, and
continues its successful new product launches and product
offerings, resulting in increased scale and rapid growth in its
international markets."


SOMS TECHNOLOGIES: Case Summary & 9 Unsecured Creditors
-------------------------------------------------------
Debtor: SOMS Technologies LLC
           dba microGreen
        4 Broadway, Suite 11
        Valhalla, NY 10595

Business Description: SOMS Technologies LLC --
                      http://microgreenfilter.com--
                      develops, manufactures, and markets engine
                      oil filters.  The Company offers spin-on oil
                      filters, cartridge oil filters, air filters,
                      and fuel filters.  MicroGreen filters
                      feature a unique dual-stage design, patented
                      technology and premium materials to achieve
                      extended performance and filtration
                      efficiency far beyond the capabilities of
                      traditional filters.

Chapter 11 Petition Date: September 21, 2018

Case No.: 18-23446

Court: United States Bankruptcy Court
       Southern District of New York (White Plains)

Judge: Hon. Robert D. Drain

Debtor's Counsel: Michael J. Riela, Esq.
                  TANNENBAUM HELPERN SYRACUSE HIRSCHTRITT LLP
                  900 Third Avenue, 13th Floor
                  New York, NY 10022
                  Tel: 212-508-6700
                  Email: riela@thsh.com

Debtor's
Special
Litigation
Counsel:          ROSENBERG FELDMAN SMITH, LLP

Debtor's
Financial
Advisor &
Investment
Banker:          SCHWARTZ ADVISORS, LLC

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Miles Flamenbaum, vice president of
corporate development, Boad member.

A full-text copy of the petition containing, among other items, a
list of the Debtor's nine unsecured creditors is available for free
at:

          http://bankrupt.com/misc/nysb18-23446.pdf


SPRING TREE: PIEC Plan to Pay Unsecureds from Net Cash Proceeds
---------------------------------------------------------------
Pacific Island Equity Corporation filed a disclosure statement
explaining its chapter 11 plan, dated Sept. 14, 2018, for Debtor
Spring Tree Lending, LLC.

The Plan contemplates the reorganization and ongoing business
operations of Debtor and the resolution of the outstanding Claims
against and Interests in Debtor.

Class 6 consists of General Unsecured Claims which are not
Subordinate Unsecured Claims. Each Holder of a General Unsecured
Claim will share pro-rata in the Net Cash Proceeds once the Class 5
Secured Claim is paid in full with interest. The Plan Administrator
will pay the Allowed Claim of Class 6 Unsecured Claims plus
interest at the annual rate of 4.25%. The amount paid to each
Unsecured Claim Holder as a monthly payment, from sale proceeds or
otherwise will be based on the pro-rata amount of such Holder’s
Allowed Class 6 Claim as compared to the Total Allowed Class 6
Claims. The first monthly payment under Class 6 will be on the 12th
day of the second full month following the full payment of the
Class 5 Secured Claim with subsequent payments continuing by the
12th day of each subsequent month.

Upon the Effective Date: (i) the members of the board of directors
or managers, as the case may be, of the Debtor will be deemed to
have resigned, (ii) the Debtor will be deemed dissolved for all
purposes without the necessity for any further actions to be taken
by or on behalf of the Debtor; (iii) any and all membership
interests in Debtor will be deemed terminated and extinguished; and
(iv) the Debtor will have no further duties or responsibilities in
connection with implementation of the Plan, provided however, that
the Debtor and its officers will co-operate with the Trustee and/or
Plan Administrator in the preparation and filing of any tax returns
due to any governmental entity.

A copy of the Disclosure Statement is available for free at:

     http://bankrupt.com/misc/ganb18-55171-87.pdf

                  About Spring Tree Lending

Spring Tree Lending, LLC, engages in buying and servicing non-prime
auto loans from auto dealers and lenders.  The company was founded
in 2015 and is based in Atlanta, Georgia.

On March 28, 2018, creditor Pacific Island Equity Corporation filed
an involuntary proceedings against Spring Tree Lending (Bank. N.D.
Ga. Case No. 18-55171).

The case is assigned to Hon. Barbara Ellis-Monro.  

The Debtor hired George M. Geeslin, Esq., as counsel.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case.


STONEMOR PARTNERS: GP Approves Amendment to Incentive Plan
----------------------------------------------------------
StoneMor GP LLC, the general partner of StoneMor Partners L.P., has
approved the amendment and restatement of the StoneMor Partners
L.P. 2014 Long-Term Incentive Plan, which was also renamed the
StoneMor Amended and Restated 2018 Long-Term Incentive Plan, in
order to (i) increase the number of common units of the Partnership
reserved for delivery under the Restated Plan and (ii) make certain
other clarifying changes and updates to the Restated Plan.

The Restated Plan provides for the grant, from time to time, at the
discretion of the board of directors of the General Partner or the
Compensation, Nominating and Governance, and Compliance Committee
of the Board, of equity-based incentive compensation awards.
Subject to adjustment in the event of certain transactions or
changes of capitalization in accordance with the Restated Plan,
2,000,000 common units of the Partnership have been reserved for
delivery pursuant to awards under the Restated Plan. Common units
subject to an award that is forfeited, cancelled, exercised,
settled in cash, or otherwise terminates or expires without
delivery of common units and common units withheld to satisfy the
withholding obligations with respect to an award will again be
available for delivery pursuant to other awards under the Restated
Plan.

                     About StoneMor Partners

StoneMor Partners L.P., headquartered in Trevose, Pennsylvania --
http://www.stonemor.com/-- is an owner and operator of cemeteries
and funeral homes in the United States, with 322 cemeteries and 93
funeral homes in 27 states and Puerto Rico.  StoneMor is the only
publicly traded death care company structured as a partnership.
StoneMor's cemetery products and services, which are sold on both a
pre-need (before death) and at-need (at death) basis, include:
burial lots, lawn and mausoleum crypts, burial vaults, caskets,
memorials, and all services which provide for the installation of
this merchandise.

Stonemor reported a net loss of $75.15 million on $338.2 million of
total revenues for the year ended Dec. 31, 2017, compared to a net
loss of $30.48 million on $326.2 million of total revenues for the
year ended Dec. 31, 2016.  As of Dec. 31, 2017, Stonemor had $1.75
billion in total assets, $1.66 billion in total liabilities and
$91.69 million in total partners' capital.

                           *    *    *

As reported by the TCR on July 10, 2018, Moody's Investors Service
downgraded Stonemor Partners L.P.'s Corporate Family rating to Caa1
from B3.  The Caa1 CFR reflects Moody's expectation for breakeven
to modestly negative free cash flow (before distributions), ongoing
delays in filing financial statements and Stonemor's significant
reliance on its revolving credit facility for liquidity in 2018.

In April 2018, S&P Global Ratings affirmed its 'CCC+' corporate
credit rating on StoneMor Partners L.P.  S&P said, "The rating
affirmation reflects our expectation that the company can generate
operating cash flow of approximately $25 million in 2018 to support
operating needs for at least another year."


T CAT ENTERPRISE: Agreed 1st Interim Cash Collateral Order Entered
------------------------------------------------------------------
The Hon. Jack B. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois has signed an agreed first interim
order authorizing T CAT Enterprise, Inc.'s use of cash collateral.


The Debtor may use the cash collateral to pay those items
delineated in the cash collateral budget with a variance from
actual-to-projected weekly disbursements not to exceed 10% on
cumulative basis. The approved budget provides total projected
expenses of approximately $231,898 covering the period commencing
August 14 through and including September 14, 2018.

Associated Bank, N.A. asserts secured claims against some or all of
the Debtor's assets, including Debtor's cash and accounts
receivable.

Associated Bank and any other secured creditor are granted
replacement liens upon and security interests in the Debtor's
post-petition cash and accounts receivable in the same priority as
Associated Bank's and any other secured creditor's existing
prepetition liens (to the extent valid), and in no event to exceed
the type, kind, priority and amount, if any, of their security
interests which existed on the Petition Date.

The Debtor proposes to initially make monthly adequate protection
payments to Associated Bank in the amount of $6,000 which consists
of principal and interest on the outstanding balance.

A full-text copy of the Agreed First Interim Order is available at

              http://bankrupt.com/misc/ilnb18-22736-9.pdf

                     About T CAT Enterprise

T Cat Enterprise, Inc. -- http://www.tcatinc.com/-- is a
family-owned and operated construction company specializing in
excavation, railroad clean up, and snow plowing services in the
tri-state area.  In addition, the Company also offers hauling
services, demolition services, and pavers and asphalt repairs.

T Cat Enterprise, Inc., based in Franklin Park, IL, filed a Chapter
11 petition (Bankr. N.D. Ill. Case No. 18-22736) on Aug. 13, 2018.
In the petition signed by James R. Trumbull, president, the Debtor
estimated $0 to $50,000 in assets and $1 million to $10 million in
liabilities.  The Hon. Jack B. Schmetterer presides over the case.
Joseph E. Cohen, Esq., and Gina B. Krol, Esq., at Cohen & Krol,
serves as bankruptcy counsel.


TRINITY PHYSICIANS: Taps Galewski Law Group as Legal Counsel
------------------------------------------------------------
Trinity Physicians, LLC, seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire Galewski Law
Group, P.A. as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; represent the Debtor in its negotiations with
potential financing sources; assist in the preparation of a plan of
reorganization; assist in resolving claims asserted against the
Debtor; and provide other legal services related to its Chapter 11
case.

Galewski has no connection with the Debtor, its creditors or any
other "party in interest," according to court filings.

The firm can be reached through:

     Stanley J. Galewski, Esq.
     Galewski Law Group, P.A.
     412 E Madison St., Suite 1106
     Tampa, FL 33602
     Office: 813-222-8210
     Fax: 813-222-8211
     Email: stan@galewski.com

                   About Trinity Physicians

Trinity Physicians, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-07323) on August 30,
2018.  At the time of the filing, the Debtor estimated assets of
less than $1 million and liabilities of less than $1 million.


TWO STREETS: Taps Merck Team Realty as Real Estate Agent
--------------------------------------------------------
Two Streets, Inc., seeks approval from the U.S. Bankruptcy Court
for the Southern District of Mississippi to hire a real estate
agent.

The Debtor proposes to employ Merck Team Realty, Inc. to market and
liquidate its real property located at 5493 I-55 South, Jackson,
Mississippi.  The listing price is $175,000.

The firm will get a commission of 7% of the sales price.

Carl Merck, a real estate agent employed with Merck Team Realty,
disclosed in a court filing that he and his firm do not represent
any interest adverse to the Debtor and its estate.

The firm can be reached through:

     Carl W. Merck
     Merck Team Realty, Inc.
     1030 Lake Village Circle, Suite B
     Brandon, MS 39407
     Phone: (601) 919-8326
     Fax: (601) 919-0333
     E-mail: team@merckteam.com

                       About Two Streets

Two Streets, Inc., doing business as All-Metro Fence Company --
http://www.allmetrofence.com/-- is a family owned and operated
company located in Jackson, Mississippi, that builds every type of
fence, including: chain link, custom wood, remote controlled
entrances, PVC, aluminum, and wrought iron for residential,
commercial, and industrial customers.

Two Streets, Inc., sought Chapter 11 bankruptcy protection (Bankr.
S.D. Miss. Case No. 18-02103) on May 29, 2018.  In the petition
signed by Danny Wayne Street, president, the Debtor estimated
assets of less than $1 million and debt of less than $10 million.
The Hon. Edward Ellington presides over the case. R. Michael Bolen,
Esq., of Hood & Bolen, PLLC, serves as counsel to the Debtor.


UNIVAR INC: Moody's Puts 'B1' CFR on Review Amid Nexeo Deal
-----------------------------------------------------------
Moody's Investors Service placed the ratings for Univar Inc. on
review for upgrade. This action follows the announcement that
Univar intends to acquire Nexeo in a stock and cash transaction
valued at roughly $2 billion. The transaction is expected to close
by mid-2019 and is subject to customary approvals by regulators and
public shareholders. The company expects to fund the acquisition
with a mix of equity and debt and has commitment financing in place
of $1.3 billion.

On Review for Upgrade:

Issuer: Univar Inc.

Probability of Default Rating, Placed on Review for Upgrade,
currently B1-PD

Corporate Family Rating, Placed on Review for Upgrade, currently B1


Senior Secured Bank Credit Facility, Placed on Review for Upgrade,
currently B1(LGD4)

Senior Unsecured Regular Bond/Debenture, Placed on Review for
Upgrade, currently B3(LGD5)

Outlook Actions:

Issuer: Univar Inc.

Outlook, Changed To Rating Under Review From Stable

"Moody's recognizes the transaction is a moderately leveraging
event initially for Univar, but the review for upgrade reflects the
positive attributes of the transaction, including the good
strategic fit between the two companies, the significant use of
equity to finance the transaction, and the likelihood that leverage
improves over the next 18-24 months, possibly to within Moody's
triggers for an upgrade," according to Joseph Princiotta, Moody's
Vice President and Senior Credit Officer.

The review will focus on the operational plan to integrate the two
businesses, and to grow revenues and margins, as well as the
timeline to achieve synergies following closing. The review will
also focus on the expectations for free cash flow generation and
the potential for leverage improvement in the 18-24 months
post-closing. Moreover, the possibility of the divestiture of
Nexeo's plastics distribution business could play an important role
in reducing debt and improving leverage.

Moody's said it views the transaction as a good strategic fit as it
expands the scale of the combined footprint and fleet, along with
its portfolio and market reach in specialty chemicals and
ingredients. The transaction is also expected to target $100
million in cost synergies spread over three years, and reduce capex
by $15 million. The costs to achieve the synergies is estimated at
$150 million, which the company expects to largely offset with the
sale of surplus real estate after facility closures and working
capital improvements. In addition, the company says it has hired
advisors to explore the sale of the Nexeo's plastics distribution
business, which accounted for about one third of Nexeo's recent
EBITDA. Proceeds from a possible divestiture are expected to assist
in achieving the company's debt reduction targets.

The company says it expects to reduce net leverage to below 3.0
times one year post closing of the Nexeo acquisition. Moody's notes
that its adjusted gross leverage has recently been around a turn or
more higher, and that Univar's 3.0 times target includes other PF
adjustments, including transaction costs and potential synergies
that are added back to the comapny's EBITDA calculation;
consequently, Moody's gross adjusted leverage would likely be a
turn or more higher than the company's 3.0 times net leverage
target.

Univar has good liquidity as of June 30, 2018, supported by $129
million of balance sheet cash, about $551 million availability
under the company's credit facilities. Moody's expects that the
company to sustain a good cushion of compliance under its financial
maintenance covenants over the next several quarters at least. The
term loans do not contain financial maintenance covenants.

Moody's would consider raising the rating if the company remains on
track to reduce Moody's adjusted gross financial leverage to the
low-to-mid 4 times range (Debt/EBITDA), on a sustained basis, and
to improve cash flow metrics including free cash flow to debt above
5% and retained cash flow to debt of at least 13% (RCF/Debt).
Moody's would consider a downgrade if there is a meaningful decline
in liquidity or if adjusted leverage were to rise back above 5.5x,
or retained cash flow falls below 10%, on a sustained basis.

Univar Inc. is one of the largest global chemical and ingredient
distributors and providers of related services, operating more than
660 distribution facilities to service a diverse set of customers
end markets in the US, Canada, Europe, the Middle East, Latin
America and the Asia Pacific region. The company had revenues of
$8.5 billion for the twelve months ended June 30, 2018.


US RENAL: Bank Debt Trades at 3% Off
------------------------------------
Participations in a syndicated loan under which US Renal Care Inc.
is a borrower traded in the secondary market at 97.20
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents a decrease of 1.73 percentage points from
the previous week. US Renal pays 425 basis points above LIBOR to
borrow under the $1.75 billion facility. The bank loan matures on
November 17, 2022. Moody's rates the loan 'B2' and Standard &
Poor's gave a 'B' rating to the loan. The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
Friday, September 7.


US SHIPPING: Bank Debt Trades at 5% Off
---------------------------------------
Participations in a syndicated loan under which US Shipping LLC is
a borrower traded in the secondary market at 95.00
cents-on-the-dollar during the week ended Friday, September 7,
2018, according to data compiled by LSTA/Thomson Reuters MTM
Pricing. This represents an increase of 0.53 percentage points from
the previous week. US Shipping pays 425 basis points above LIBOR to
borrow under the $220 million facility. The bank loan matures on
June 15, 2021. Moody's rates the loan 'B3' and Standard & Poor's
gave a 'B' rating to the loan. The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday,
September 7.


US SILICA: Egan-Jones Hikes FC Senior Unsecured Rating to BB+
-------------------------------------------------------------
Egan-Jones Ratings Company, on September 11, 2018, upgraded the
foreign currency senior unsecured rating on debt issued by US
Silica Holdings Incorporated to BB+ from BB.

Headquartered in Frederick, Maryland, U.S. Silica Holdings, Inc. is
a producer of industrial silica and sand proppants. The Company
produces a variety of industrial minerals including sand proppants,
whole grain silica, ground silica, fine ground silica, calcined
kaolin clay, and aplite clay.


VANS LAUNDROMATS: Seeks to Hire Bankruptcy Attorneys
----------------------------------------------------
Van's Laundromats, Inc., seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Pennsylvania to hire attorneys in
connection with its Chapter 11 case.

The Debtor proposes to employ Demetrius Parrish, Jr., Esq., and
Henry Jefferson, Esq., to provide legal advice regarding its duties
under the Bankruptcy Code; assist in the preparation of a plan of
reorganization; and provide other legal services related to the
case.

The attorneys will each charge $300 per hour for their services.
They received from the Debtor a retainer in the sum of $3,500.  

Messrs. Parrish and Jefferson disclosed in court filings that they
do not represent any interest adverse to the Debtor and its
estate.

The attorneys maintain offices at:

     Demetrius J. Parrish, Jr., Esq.
     7715 Crittenden Street, Suite 360
     Philadelphia, PA 19118
     Tel: (215) 735–3377
     Fax: (215) 827-5420
     E-mail: djpesq@gmail.com

          - and –

     Henry A. Jefferson, Esq.
     BNY Mellon Center, Suite 3750
     1735 Market Street
     Philadelphia, PA 19103
     Tel: (215) 399-0911
     Fax: (267) 399-3035
     E-mail: hjefferson@hjeffersonlawfirm.com

                    About Van's Laundromats Inc.

Van's Laundromats Inc. is a Pennsylvania Corporation that operates
laundromats in the City of Philadelphia.

Van's Laundromats sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Pa. Case No. 18-15955) on Sept. 9,
2018.  At the time of the filing, the Debtor estimated assets of
less than $500,000 and liabilities of less than $500,000.  Judge
Magdeline D. Coleman presides over the case.


VEE EXPRESS: Unsecured Creditors to Get 100% at 5% Interest
-----------------------------------------------------------
Vee Express, LLC, filed with the U.S. Bankruptcy Court for the
Southern District of Texas, Houston Division, a disclosure
statement dated September 12, 2018, explaining its small business
Chapter 11 plan.

According to the Disclosure Statement, the general unsecured class
shall be paid 100% of allowed claim with monthly payment beginning
at Jan. 15, 2019, until paid in full.  The interest rate for this
class of claims is 5%.

Payments and distributions under the Plan will be funded by the
existing business cash flow and cash flow from newly acquired
future business clients.

A copy of the Disclosure Statement from PacerMonitor.com is
available at https://tinyurl.com/y73y2jbw at no charge.

Vee Express LLC filed a voluntary Chapter 11 (Bankr. S.D. Tex. Case
No. 18-31332) on March 16, 2018, and is represented by Otha Tyrone
Carpenter, Esq.


VEHICLE ALIGNMENT: Use of $148,900 Cash Collateral Approved
-----------------------------------------------------------
The Hon. Jacqueline P. Cox of the U.S. Bankruptcy Court for the
Northern District of Illinois has entered a fourth order extending
Vehicle Alignment, Brake & Tires, Inc.'s authority to use the cash
collateral under the Interim Order to Sept. 22, 2018, pursuant to
the Budget.  The approved Budget provides total expenses of
approximately $148,900 covering the week ending Aug. 25 through
week ending Sept. 22, 2018.  A full-text copy of the Order is
available at:

             http://bankrupt.com/misc/ilnb18-12071-60.pdf

                   About Vehicle Alignment

Vehicle Alignment, Brake & Tires, Inc., d/b/a Lucas Tires, filed a
Chapter 11 petition (Bankr. N.D. Ill. Case No. 18-12071), on April
25, 2018.  In the petition signed by its owner, Richard Lucas, the
Debtor estimated less than $50,000 in assets and $100,000 to
$500,000 in liabilities.  The Hon. Jacqueline P. Cox presides the
case.  The Debtor is represented by William J. Factor, Esq.. at the
Law Office Of William J. Factor, Ltd.  


VEROBLUE FARMS: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Lead Debtor: VeroBlue Farms USA, Inc.
             401 Des Moines St
             Webster City, IA 50595

Business Description: headquartered in Webster City,
                      Iowa, VeroBlue Farms USA, Inc. operates a
                      fish farm specializing in Barramundi, a
                      freshwater fish specy found in the Indo-
                      Pacific waters of Australia.  VeroBlue
                      created an innovative aquaculture system
                      that utilizes the natural elements of air,
                      water and care.  For more information, visit

                      http://verobluefarms.com.

Chapter 11 Petition Date: September 21, 2018

Affiliated companies that have filed voluntary petitions seeking
relief under Chapter 11 of the Bankruptcy Code:

       Debtor                                        Case No.
       ------                                        --------
       VeroBlue Farms USA, Inc. (Lead Debtor)        18-01297
       VBF Operations, Inc.                          18-01298
       VBF Transport, Inc.                           18-01299
       VBF IP, Inc.                                  18-01300
       Iowa's First, Inc.                            18-01301

Court: United States Bankruptcy Court
       Northern District of Iowa (Fort Dodge)

Case No.: 18-01297

Debtors' Counsel: Dan Childers, Esq.
                  ELDERKIN & PIRNIE, PLC
                  PO Box 1968
                  316 Second St. SE, Suite 124
                  Cedar Rapids, IA 52406-1968
                  Tel: 319-362-2137
                  Email: dchilders@elderkinpirnie.com

                    - and -

                  Joseph A. Peiffer, Esq.
                  AG & BUSINESS LEGAL STRATEGIES, P.C.
                  PO Box 11425
                  Cedar Rapids, IA 52410
                  Tel: 319-363-1641
                  Fax: 319-200-2059
                  Email: joe@ablsonline.com

VeroBlue Farms' Estimated Assets: $0 to $50,000

VeroBlue Farms' Estimated Liabilities: $50 million to $100 million

The petitions were signed by Norman McCowan, president.

A full-text copy of VeroBlue Farms' petition is available for free
at:

           http://bankrupt.com/misc/ianb18-01297.pdf

List of VeroBlue Farms' 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Agsource Cooperative Services       Water Testing          $9,281
Email: agsacctrecievable@agsource.com

Baker McKenzie Zurich             Professional Fees       $40,272

Beltana Transport, LLC             Fuel Surcharge         $25,003

Broadmoor Financial, LP.            Undersecured      $47,803,271
8100 E. 22nd Street                   Lender
Building 500, Suite 1000
Wichita. KS 67226
Roy Baker
Tel: (316) 681-5107
Email: Roy.baker@bmflp.com

Cassels Brock                       Legal Services       $215,699

Christine Huynh                      Accrued Wages        $11,746  
         
Email: Christine. huynh@verobluefarms.com

Curtis Johnson                       Accrued Wages         $8,530

Email: curtis.johnson@verobluefarms.com

Davies Collison                    Professional Fees      $34,786
Cave Law Pty Ltd.
Email: law@davies.au

Foodmix Marketing                      Marketing          $70,775
Communications
Email: aheber@foodmix.net

Hutcheson Engineering                 Waste Water          $27,462

Products Inc.                       Treatment Plant
Email: hutchesonengineering.com

Jackson Walker LLP                 Professional Fees       $53,914
Email: rdahlson@jw.com

Johnstone Supply                   Building Materials      $14,924

Katie Olson                          Accrued Wages          $8,378
Email: katie.olson@verobluefarms.com

Norman Mccowan                       Accrued Wages         $24,007
Email: Norman.mccowan@verobluefarms.com

Phillip L Sheets LTD                Breached Lease        $416,000
7632 Jefferson Rd                     Agreement
Belleville, IL 62221
Phillip Sheets
Tel: 618 530-6000
Email: westhavengarde@sbcglobal.net

PWC                                 Professional Fees      $61,400
Email: kyle.r.roggensack.us.pwc.com

Sanchez Welding                         Welding            $23,000
Email: sanchezsonswelding@yahoo.com

Wastewater Technologies LLC            Waste Water        $147,115
Email: donald.ricketts@wwtllc.com   Treatment Plant

Westfield Insurance Group            Workers Comp.        $122,524
Email: collections@westfieldgrp.com   Insurance
                                         Audit

William Turk                          Professional          $8,062
Email: Wturk52@yahoo.com               Consulting


WEIGHT WATCHERS: Egan-Jones Hikes Senior Unsecured Ratings to B
---------------------------------------------------------------
Egan-Jones Ratings Company, on September 12, 2018, upgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Weight Watchers International Inc. to B from B-.

Weight Watchers International is an American company that offers
various products and services to assist weight loss and
maintenance.


WILSON MANIFOLDS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Wilson Manifolds, Inc.
        4700 NE 11th Ave
        Oakland Park, FL 33334

Business Description: Wilson Manifolds, Inc. manufactures products
                      for the automotive and racing industries.
                      Wilson Manifolds specializes in custom-built

                      and installed parts for high-performance
                      vehicle.  The Company offers custom design
                      and installation of the following services:
                      competition porting; intermediate porting;
                      "disguise" intake manifold porting; aluminum
                      manifold restoration, repair, welding and
                      blasting; sheetmetal/billet intake
                      manifolds; custom nitrous plumbing; nitrous
                      & fuel system flow testing; nitrous boss
                      installation; fuel injection conversions;
                      and ultrasonic fuel injector cleaning and
                      flow testing.

Chapter 11 Petition Date: September 21, 2018

Case No.: 18-21658

Court: United States Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Judge: Hon. Raymond B. Ray

Debtor's Counsel: Michael S. Hoffman, Esq.
                  HOFFMAN, LARIN & AGNETTI, P.A.
                  909 North Miami Beach Blvd #201
                  Miami, FL 33162
                  Tel: (305) 653-5555
                  Email: Mshoffman@hlalaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Keith D. Wilson, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at:

    http://bankrupt.com/misc/flsb18-21658_creditors.pdf

A full-text copy of the petition is available for free at:

         http://bankrupt.com/misc/flsb18-21658.pdf


WOODBRIDGE GROUP: Selling Idared's Carbondale Property for $75K
---------------------------------------------------------------
Woodbridge Group of Companies, LLC, and its affiliated debtors ask
the U.S. Bankruptcy Court for the District of Delaware to authorize
their Contract to Buy and Sell Real Estate dated as of July 12,
2018, with Brian J. Gary, in connection with the sale of Idared
Investments, LLC's real property located at 665 N. Bridge Dr.,
Carbondale, Colorado, together with the Seller's right, title, and
interest in and to the buildings located thereon and any other
improvements and fixtures located thereon, and any and all of the
Seller's right, title, and interest in and to the tangible personal
property and equipment remaining on the real property as of the
date of the closing of the sale, for $75,000.

The Property consists of an approximately .13 acre vacant lot. The
Seller purchased the Real Property in April 2016 for $118,500 with
the intention of holding the lot for future sale as a vacant lot or
for future possible development.  Ultimately, the Debtors
determined that there would be no benefit to constructing a new
home on the Real Property given the existing inventory in the
community.  Accordingly, they've determined that selling the
Property now on an "as is" basis best maximizes the value of the
Property.  

The Property has been listed on the multiple-listing service and
marketed for sale as a vacant lot for approximately 88 days.  The
Purchaser's all cash offer under the Purchase Agreement is the
highest and otherwise best offer the Debtors have received for the
Property.   Accordingly, the Debtors determined that selling the
Property on an "as is" basis to the Purchaser is the best way to
maximize the value of the Property.

On June 16, 2018, the Purchaser made an all cash offer for the
Property in the amount of $75,000.  The Debtors verbally countered
the Purchaser's offer at $95,000, however the Purchaser held firm.
On July 11, 2018, the Debtors again reached out to the Purchaser
for a best and final offer, and the Purchaser responded that the
initial $75,000 offer was best and final.  The Debtors believe that
this all cash purchase price provides significant value, and
accordingly, the Seller countersigned the final Purchase Agreement
on July 18, 2018.

Under the Purchase Agreement, the Purchaser agreed to purchase the
Property for $75,000, with a $5,000 initial cash deposit, and the
balance of $70,000 to be paid in cash at closing, with no financing
contingencies.  The deposit is being held by Commonwealth Title Co.
of Garfield County, Inc. as escrow agent.

In connection with marketing the Property, the Debtors worked with
Aspen Snowmass Sotheby's International Realty, as the transaction
broker for both parties.  The Broker Agreement provides Sotheby's
with the exclusive and irrevocable right to market the Property for
a fee in the amount of 5% of the contractual sale price, and
authorizes the Seller's broker to contribute up to 2.5% of the
Seller's Broker Fee to a cooperating broker.  The Purchase
Agreement is signed by Laura Gee of Sotheby's as the Seller's
broker and Drew Kitchell of McKinley Sales, Inc. as the Purchaser's
broker.

In addition to the Broker Fee, the Seller must also satisfy certain
required costs associated with the sale and transfer of title of
the Property to comply with the Purchase Agreement.  The Other
Closing Costs include, but are not limited to, recording fees,
title insurance policy costs, prorated property taxes, city and
county transfer taxes, and other items noted on the title report
for the Property.  The Debtors also rely on outside vendors for
escrow and title services in connection with property sales.  In
general, vendors are mutually agreed on by the applicable Debtors
and a purchaser prior to the acceptance of an offer.

All proceeds of the Sale (net of the Broker Fee and Other Closing
Costs) will be paid to the Debtors into the general account of
Debtor Woodbridge Group of Companies, LLC, and such net proceeds
will be disbursed and otherwise treated by the Debtors in
accordance with the Final DIP Order.

The Debtors further ask that filing of a copy of an order granting
the relief sought in Garfield County, Colorado may be relied upon
by the Title Insurer to issue title insurance policies on the
Property.  They further ask authority to pay the Broker Fee to The
Agency, in an amount not to exceed an aggregate amount of up to
2.5% of gross sale proceeds and paying the Purchaser's Broker Fee
in the amount of up to 2.5% of gross sale proceeds.

Any delay in permitting the Debtors to close the Sale could
jeopardize the Sale with the Purchaser and therefore would be
detrimental to the Debtors, their creditors, and their estates.
Accordingly, and to successfully implement the foregoing, the
Debtors ask a waiver of the notice requirements under Bankruptcy
Rule 6004(a) and the 14-day stay of any order authorizing the use,
sale, or lease of property under Bankruptcy Rule 6004(h).  

A copy of the Agreements attached to the Motion is available for
free at:

   http://bankrupt.com/misc/Woodbridge_Group_2460_Sales.pdf

A hearing on the Motion is set for Sept. 25, 2018 at 10:30 a.m.
(ET).  The objection deadline is Sept. 13, 2018 at 4:00 p.m. (ET).

                    About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a  
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion. The Chapter 11
cases are being jointly administered.

Judge Kevin J. Carey presides over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel.
Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as
expert consultant, Moelis & Company LLC, as investment banker.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC. Beilinson Advisory Group is
serving as independent management to the Debtors.  Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Venable LLP is the Fiduciary Committee of Unitholders' legal
counsel.

Drinker Biddle & Reath LLP is counsel to the Ad Hoc Group of
Noteholders, and Conway MacKenzie, Inc., as its financial advisor.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017.  On Jan. 23, 2018, the Court
approved a settlement providing for the formation of an ad hoc
noteholder group and an ad hoc unitholder group.


WOODBRIDGE GROUP: Selling Moravian's Carbondale Property for $995K
------------------------------------------------------------------
Woodbridge Group of Companies, LLC, and its affiliated debtors ask
the U.S. Bankruptcy Court for the District of Delaware to authorize
their Contract to Buy and Sell Real Estate dated as of July 3,
2018, with Thomas K. Ritzel, in connection with the sale of
Moravian Investments, LLC's real property located at 36 Primrose
Lane, Carbondale, Colorado, together with the Seller's right,
title, and interest in and to the buildings located thereon and any
other improvements and fixtures located thereon, and any and all of
the Seller's right, title, and interest in and to the tangible
personal property and equipment remaining on the real property as
of the date of the closing of the sale, for $995,000.

The Property consists of an approximately 4,570 square foot
single-family home situated on .72 acres in Carbondale, Colorado.
The Seller purchased the Property in January 2017 for a purchase
price of $1,342,500.  The Property has been formally listed on the
multiple-listing service for approximately 460 days and has been
widely marketed.

The Property has received two offers in the past (before the
Purchaser's offer).  The Purchaser's all cash offer under the
Purchase Agreement is thus the highest and otherwise best offer the
Debtors have received.  Accordingly, the Debtors determined that
selling the Property on an "as is" basis to the Purchaser is the
best way to maximize the value of the Property.

On July 3, 2018, the Purchaser made an all cash $995,000 "as-is"
offer on the Property, with the understanding that the Purchaser
would not seek a price reduction due to inspection items.  The
Debtors believe that the purchase price provides significant value,
and accordingly, the Seller countersigned the Purchase Agreement on
July 6, 2018.

Under the Purchase Agreement, the Purchaser agreed to purchase the
Property for $995,000, with a $29,850 initial cash deposit, and the
balance of $965,150 to be paid as a single cash down payment due at
closing.  The deposit is being held by Commonwealth Title Company
of Garfield County, Inc. as escrow agent.

In connection with marketing the Property, the Seller and the
Purchaser worked with Aspen Snowmass Sotheby's International
Realty.  The Broker Agreement provides the Seller's broker with the
exclusive and irrevocable right to market the Property for a fee in
the amount of 5% of the contractual sale price.  The Purchase
Agreement is signed by Laura Gee of Sotheby's as the transaction
broker on behalf of both the Seller and the Purchaser.

In addition to the Broker Fee, the Seller must also satisfy certain
required costs associated with the sale and transfer of title of
the Property to comply with the Purchase Agreement.  The Other
Closing Costs include, but are not limited to, recording fees,
title insurance policy costs, prorated property taxes, city and
county transfer taxes, and other items noted on the title report
for the Property.  The Debtors also rely on outside vendors for
escrow and title services in connection with property sales.  In
general, vendors are mutually agreed on by the applicable Debtors
and a purchaser prior to the acceptance of an offer.

All proceeds of the Sale (net of the Broker Fees and Other Closing
Costs will be treated by the Debtors in accordance with the Final
DIP Order.

The Property is subject to a lien for the benefit of Woodbridge
Mortgage Investment Fund 3A, LLC, which secures indebtedness of the
Seller to the Fund in connection with the purchase of the Property.
The Fund has consented to the Sale of the Property free and clear
of the Fund Liens.

The Debtors further ask that filing of a copy of an order granting
the relief sought in Garfield County, Colorado may be relied upon
by the Title Insurer to issue title insurance policies on the
Property.  They further ask authority to pay the Broker Fee to The
Agency, in an amount not to exceed an aggregate amount of 5% of
gross sale proceeds, out of such proceeds.

Any delay in permitting the Debtors to close the Sale could
jeopardize the Sale with the Purchaser and therefore would be
detrimental to the Debtors, their creditors, and their estates.
Accordingly, and to successfully implement the foregoing, the
Debtors ask a waiver of the notice requirements under Bankruptcy
Rule 6004(a) and the 14-day stay of any order authorizing the use,
sale, or lease of property under Bankruptcy Rule 6004(h).  

A copy of the Agreements attached to the Motion is available for
free at:

   http://bankrupt.com/misc/Woodbridge_Group_2456_Sales.pdf

A hearing on the Motion is set for Sept. 25, 2018 at 10:30 a.m.
(ET).  The objection deadline is Sept. 13, 2018 at 4:00 p.m. (ET).

                    About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a  
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion. The Chapter 11
cases are being jointly administered.

Judge Kevin J. Carey presides over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel.
Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as
expert consultant, Moelis & Company LLC, as investment banker.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC. Beilinson Advisory Group is
serving as independent management to the Debtors.  Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Venable LLP is the Fiduciary Committee of Unitholders' legal
counsel.

Drinker Biddle & Reath LLP is counsel to the Ad Hoc Group of
Noteholders, and Conway MacKenzie, Inc., as its financial advisor.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017.  On Jan. 23, 2018, the Court
approved a settlement providing for the formation of an ad hoc
noteholder group and an ad hoc unitholder group.


WOODBRIDGE GROUP: Selling Mt. Holly's Carbondale Property for $155K
-------------------------------------------------------------------
Woodbridge Group of Companies, LLC, and its affiliated debtors ask
the U.S. Bankruptcy Court for the District of Delaware to authorize
their Contract to Buy and Sell Real Estate dated as of July 28,
2018, with Dan Royal and Lori Royal, in connection with the sale of
Mt. Holly Investments, LLC's real property located at 153 Sopris
Mesa Dr., Carbondale, Colorado, together with the Seller's right,
title, and interest in and to the buildings located thereon and any
other improvements and fixtures located thereon, and any and all of
the Seller's right, title, and interest in and to the tangible
personal property and equipment remaining on the real property as
of the date of the closing of the sale, for $155,000.

The Property consists of an approximately .32 acre vacant lot.  The
Seller purchased the Real Property in July 2015 for $125,000 with
the intention of holding the lot for future sale as a vacant lot or
for future possible development.  Ultimately, the Debtors
determined that there would be no benefit to constructing a new
home on the Real Property given the existing inventory in the
community.  Accordingly, they've determined that selling the
Property now on an "as is" basis best maximizes the value of the
Property.

The Property was listed by the Seller on the multiple-listing
service and marketed for sale as a vacant lot for approximately 194
days in 2016 at a higher listing price, without success.  It has
been re-listed on the multiple-listing service at a reduced price
since May 31, 2018 and has been widely marketed, including through
presentations and emails to the brokerage community.  The
Purchasers' all cash offer under the Purchase Agreement is the
highest and otherwise best offer the Debtors have received for the
Property.  Accordingly, they determined that selling the Property
on an "as is" basis to the Purchasers is the best way to maximize
the value of the Property.

On July 31, 2018, the Purchaser made an all cash offer for the
Property in the amount of $155,000.  The Debtors believe that this
all cash purchase price provides significant value, and
accordingly, the Seller countersigned the Purchase Agreement on
Aug. 1, 2018.  Under the Purchase Agreement, the Purchasers agreed
to purchase the Property for $155,000, with a $4,650 initial cash
deposit, and the balance of $150,350 to be paid in cash at closing.
The deposit is being held by Commonwealth Title Co. as escrow
agent.

In connection with marketing the Property, the Debtors and the
Purchaser worked with Aspen Snowmass Sotheby's International
Realty, as the transaction broker for both parties.  The Broker
Agreement provides Sotheby's with the exclusive and irrevocable
right to market the Property for a fee in the amount of 5% of the
contractual sale price.  The Purchase Agreement is signed by Laura
Gee of Sotheby's as the transaction broker on behalf of both the
Seller and the Purchaser.

In addition to the Broker Fee, the Seller must also satisfy certain
required costs associated with the sale and transfer of title of
the Property to comply with the Purchase Agreement.  The Other
Closing Costs include, but are not limited to, recording fees,
title insurance policy costs, prorated property taxes, city and
county transfer taxes, and other items noted on the title report
for the Property.  The Debtors also rely on outside vendors for
escrow and title services in connection with property sales.  In
general, vendors are mutually agreed on by the applicable Debtors
and a purchaser prior to the acceptance of an offer.

All proceeds of the Sale (net of the Broker Fee and Other Closing
Costs) will be paid to the Debtors into the general account of
Debtor Woodbridge Group of Companies, LLC, and such net proceeds
will be disbursed and otherwise treated by the Debtors in
accordance with the Final DIP Order.

The Debtors further ask that filing of a copy of an order granting
the relief sought in Garfield County, Colorado may be relied upon
by the Title Insurer to issue title insurance policies on the
Property.  They further ask authority to pay the Broker Fee to The
Agency, in an amount not to exceed an aggregate amount of 5% of
gross sale proceeds, out of such proceeds.

Any delay in permitting the Debtors to close the Sale could
jeopardize the Sale with the Purchaser and therefore would be
detrimental to the Debtors, their creditors, and their estates.
Accordingly, and to successfully implement the foregoing, the
Debtors ask a waiver of the notice requirements under Bankruptcy
Rule 6004(a) and the 14-day stay of any order authorizing the use,
sale, or lease of property under Bankruptcy Rule 6004(h).  

A copy of the Agreements attached to the Motion is available for
free at:

   http://bankrupt.com/misc/Woodbridge_Group_2458_Sales.pdf

A hearing on the Motion is set for Sept. 25, 2018 at 10:30 a.m.
(ET).  The objection deadline is Sept. 13, 2018 at 4:00 p.m. (ET).

                    About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a  
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion. The Chapter 11
cases are being jointly administered.

Judge Kevin J. Carey presides over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel.
Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as
expert consultant, Moelis & Company LLC, as investment banker.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC. Beilinson Advisory Group is
serving as independent management to the Debtors.  Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Venable LLP is the Fiduciary Committee of Unitholders' legal
counsel.

Drinker Biddle & Reath LLP is counsel to the Ad Hoc Group of
Noteholders, and Conway MacKenzie, Inc., as its financial advisor.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017.  On Jan. 23, 2018, the Court
approved a settlement providing for the formation of an ad hoc
noteholder group and an ad hoc unitholder group.


WOODBRIDGE GROUP: Selling Old Maitland's Aspen Property for $5.4M
-----------------------------------------------------------------
Woodbridge Group of Companies, LLC, and its affiliated debtors ask
the U.S. Bankruptcy Court for the District of Delaware to authorize
their Contract to Buy and Sell Real Estate dated as of July 13,
2018, with 150 White Horse LLC, in connection with the sale of Old
Maitland Investments, LLC's real property located at 150 White
Horse Springs, Aspen, Colorado, together with the Seller's right,
title, and interest in and to the buildings located thereon and any
other improvements and fixtures located thereon, and any and all of
the Seller's right, title, and interest in and to the tangible
personal property and equipment remaining on the real property as
of the date of the closing of the sale, for $5.4 million.

The Property, when acquired, consisted of an approximately 9,039
square foot single-family home situated on approximately 5.75 acres
in Aspen, Colorado.  The Seller purchased the Property in November
2016 for a purchase price of $7.5 million with the intention of
demolishing the existing home and developing the Property for
resale.  As of the Petition Date, the Seller had demolished the
existing improvements and commenced development of the Property,
however, the Debtors determined not to complete development of the
Property, which would have taken a significant amount of time and
imposed greater risk for the estates.  The Property has been
formally listed on the multiple-listing service since May 7, 2018
and has been widely marketed.

The Property has received three offers in total.  The first offer
was for $5 million.  The second offer was for $2.2 million.  The
third offer, from the Purchaser, was for $5.25 million.  The
Debtors responded to the first and third bidders with a request for
offers greater than or equal to $5.5 million and the first bidder
raised its offer to $5.5 million whereas the Purchaser held firm at
$5.25 million.

The Debtors then went under contract with the first bidder,
however, that deal was ultimately terminated after the bidder's
second request to extend the diligence period.  The Debtors then
informed all potentially interested parties that the Property was
available again.  The second bidder increased its $2.2 million
offer to $ million and the Purchaser increased its $5.25 million
offer to $5.4 million.  The Purchaser's all cash offer under the
Purchase Agreement is thus the highest and otherwise best offer the
Debtors have received.  Accordingly, they determined that selling
the Property on an "as is" basis to the Purchaser is the best way
to maximize the value of the Property.

On July 13, 2018, the Purchaser made an all cash $5.4 million offer
on the Property, with the understanding that no broker's commission
would be payable to any broker for the Purchaser.  The Debtors
believe that this purchase price provides significant value, and on
July 25, 2018, the Seller accepted the Purchaser's offer, subject
to an overbid contingency.  On Aug. 22, 2018, the second bidder
made an overbid in the amount of $5.5 million; however that overbid
was subsequently withdrawn.  Accordingly, the Seller is proceeding
with the Sale to Purchaser under the Purchase Agreement.  

Under the Purchase Agreement, the Purchaser agreed to purchase the
Property for $5.4 million, with a $250,000 initial cash deposit,
and the balance of $5.15 million to be paid as a single cash down
payment due at closing.  The deposit is being held by Land Title
Guarantee Co. as escrow agent.

In connection with marketing the Property, the Debtors worked with
Aspen Snowmass Sotheby's International Realty.  The Broker
Agreement provides the Seller's broker with the exclusive and
irrevocable right to market the Property for a fee in the amount of
5% of the contractual sale price and authorizes the Seller's broker
to compensate a cooperating purchaser's broker by contributing a
share of the Seller's Broker Fee in the amount of 2.5% of the
purchase price to the purchaser's agent.  The Purchase Agreement is
signed by Laura Gee of Sotheby' as the Seller's agent and provides
that no Purchaser's Broker Fee will be payable in connection with
this Sale.  Accordingly, the only broker fee is the Seller's Broker
Fee in the amount of 2.5%.

In addition to the Broker Fee, the Seller must also satisfy certain
required costs associated with the sale and transfer of title of
the Property to comply with the Purchase Agreement.  The Other
Closing Costs include, but are not limited to, recording fees,
title insurance policy costs, prorated property taxes, city and
county transfer taxes, and other items noted on the title report
for the Property.  The Debtors also rely on outside vendors for
escrow and title services in connection with property sales.  In
general, vendors are mutually agreed on by the applicable Debtors
and a purchaser prior to the acceptance of an offer.

All proceeds of the Sale (net of the Broker Fee and Other Closing
Costs) will be paid to the Debtors into the general account of
Debtor Woodbridge Group of Companies, LLC, and such net proceeds
will be disbursed and otherwise treated by the Debtors in
accordance with the Final DIP Order.

The Property is subject to a lien for the benefit of Woodbridge
Mortgage Investment Fund 3A, LLC and Woodbridge Mortgage Investment
Fund 4, LLC, which secures indebtedness of the Seller to the Funds
in connection with the purchase of the Property.  The Funds have
consented to the Sale of the Property free and clear of the Fund
Lien.

The Debtors further ask that filing of a copy of an order granting
the relief sought in Pitkin County, Colorado may be relied upon by
the Title Insurer to issue title insurance policies on the
Property.  They further ask authority to pay the Seller's Broker
Fee to Sotheby's in an amount not to exceed an aggregate amount of
2.5% of gross sale proceeds.  No other broker fees will be payable
in connection with the sale of the Property.

Any delay in permitting the Debtors to close the Sale could
jeopardize the Sale with the Purchaser and therefore would be
detrimental to the Debtors, their creditors, and their estates.
Accordingly, and to successfully implement the foregoing, the
Debtors ask a waiver of the notice requirements under Bankruptcy
Rule 6004(a) and the 14-day stay of any order authorizing the use,
sale, or lease of property under Bankruptcy Rule 6004(h).  

A copy of the Agreements attached to the Motion is available for
free at:

   http://bankrupt.com/misc/Woodbridge_Group_2471_Sales.pdf

A hearing on the Motion is set for Sept. 25, 2018 at 10:30 a.m.
(ET).  The objection deadline is Sept. 14, 2018 at 4:00 p.m. (ET).

                    About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a  
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion. The Chapter 11
cases are being jointly administered.

Judge Kevin J. Carey presides over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel.
Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as
expert consultant, Moelis & Company LLC, as investment banker.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC. Beilinson Advisory Group is
serving as independent management to the Debtors.  Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Venable LLP is the Fiduciary Committee of Unitholders' legal
counsel.

Drinker Biddle & Reath LLP is counsel to the Ad Hoc Group of
Noteholders, and Conway MacKenzie, Inc., as its financial advisor.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017.  On Jan. 23, 2018, the Court
approved a settlement providing for the formation of an ad hoc
noteholder group and an ad hoc unitholder group.


WOODBRIDGE GROUP: Selling Three Carbondale Parcels for $238K
------------------------------------------------------------
Woodbridge Group of Companies, LLC, and its affiliated debtors ask
the U.S. Bankruptcy Court for the District of Delaware to authorize
their Contract to Buy and Sell Real Estate dated as of July 20,
2018, with Roberta Goodrich and Martin Hoffman, in connection with
the sale of the three parcels of real property owned by Carbondale
Glen Lot SD-23, LLC and Carbondale Glen Sundance Ponds, LLC's
located at(i) Lot 23 Aspen Glen, Carbondale, Colorado; (ii) Lot 22
Aspen Glen, Carbondale, Colorado; and (iii) Lot 21, Aspen Glen,
Carbondale, Colorado together with the Sellers' right, title, and
interest in and to the buildings located thereon and any other
improvements and fixtures located thereon, and any and all of the
Sellers' right, title, and interest in and to the tangible personal
property and equipment remaining on the real property as of the
date of the closing of the sale, for $237,500, which amounts to
approximately $79,167 for each of the three parcels.

The Property consists of three vacant lots.  The respective Sellers
purchased the Lot 23 parcel in April 2014 for $115,000 and the Lot
21 and Lot 22 parcels in May 2014 for $102,500 each, with the
intention of holding the lots for future sale as vacant lots or for
future possible development.  Ultimately, the Debtors determined
that there would be no benefit to constructing new homes on the
Real Property given the existing inventory in the community.
Accordingly, they've determined that selling the Property now on an
"as is" basis best maximizes the value of the Property.

The Property has not been formally listed on the multiple-listing
service, however, the Debtors have listed comparable lots in the
Aspen Glen community for approximately $100,000, and all the
Debtors' listings for lots in the community state that other,
similar lots are available for purchase upon inquiry to the listing
broker.  In addition, all of the Debtors' available lots for
purchase in the Aspen Glen and River Valley Ranch areas (including
the three parcels that comprise the Property) have been marketed
through announcements to the brokerage community and recent
advertisements in local print media.

The Purchasers' all cash offer under the Purchase Agreement is the
highest and otherwise best offer they've received.  Accordingly,
the Debtors determined that selling the Property on an "as is"
basis to the Purchasers is the best way to maximize the value of
the Property.

On July 21, 2018, the Purchasers made an all cash $225,000 offer on
the Property, which amounts to approximately $75,000 for each of
the three parcels.  The Sellers responded with a counter offer of
$250,000, which the Purchasers rejected.  On July 30, 2018, the
Purchasers made a second offer in the amount of $237,500, which
amounts to approximately $79,167 for each of the three parcels,
with the understanding that they must pay for any survey costs for
the Property. The Debtors believe that this purchase price provides
significant value.  Accordingly, the Sellers countersigned the
final Purchase Agreement on July 30, 2018.  Under the Purchase
Agreement, the Purchasers agreed to purchase the Property for
$237,500, with a $7,125 initial cash deposit and the balance of
$230,375 to be paid in cash as a single down payment at closing.
The deposit is being held by Commonwealth Title Co., as escrow
agent.

In connection with marketing the Property, the Debtors worked with
Aspen Snowmass Sotheby's International Realty.  The Broker
Agreement provides the Sellers’ broker with the exclusive and
irrevocable right to market the Property for a fee in the amount of
5% of the contractual sale price and authorizes the Sellers' broker
to compensate a cooperating purchasers' broker by contributing a
share of the Sellers' Broker Fee in the amount of 2.5% of the
contractual sale price to the purchasers' broker.  The Purchase
Agreement is signed by Laura Gee of Sotheby's as the Sellers' agent
and Sandy V. Gelt of Perry & Co. as the broker for the Purchasers.

In addition to the Broker Fee, the Seller must also satisfy certain
required costs associated with the sale and transfer of title of
the Property to comply with the Purchase Agreement.  The Other
Closing Costs include, but are not limited to, recording fees,
title insurance policy costs, prorated property taxes, city and
county transfer taxes, and other items noted on the title report
for the Property.  The Debtors also rely on outside vendors for
escrow and title services in connection with property sales.  In
general, vendors are mutually agreed on by the applicable Debtors
and a purchaser prior to the acceptance of an offer.

All proceeds of the Sale (net of the Broker Fee and Other Closing
Costs) will be paid to the Debtors into the general account of
Debtor Woodbridge Group of Companies, LLC, and such net proceeds
will be disbursed and otherwise treated by the Debtors in
accordance with the Final DIP Order.

The Property is subject to certain liens for the benefit of
Woodbridge Mortgage Investment Fund 1, LLC, which secure
indebtedness of the Sellers to the Fund in connection with the
purchase of the Property.  The Fund has consented to the Sale of
the Property free and clear of the Fund Liens.

The Debtors further ask that filing of a copy of an order granting
the relief sought in Garfield County, Colorado may be relied upon
by the Title Insurer to issue title insurance policies on the
Property.  They further ask authority to pay the Broker Fees out of
the sale proceeds in an amount not to exceed 5% of gross sale
proceeds in the aggregate by (i) paying the Purchasers' Broker Fee
in an amount not to exceed 2.5% of the gross sale proceeds and (ii)
paying the Sellers' Broker Fee in an amount not to exceed 2.5% of
the gross sale proceeds.

Any delay in permitting the Debtors to close the Sale could
jeopardize the Sale with the Purchaser and therefore would be
detrimental to the Debtors, their creditors, and their estates.
Accordingly, and to successfully implement the foregoing, the
Debtors ask a waiver of the notice requirements under Bankruptcy
Rule 6004(a) and the 14-day stay of any order authorizing the use,
sale, or lease of property under Bankruptcy Rule 6004(h).  

A copy of the Agreements attached to the Motion is available for
free at:

   hhttp://bankrupt.com/misc/Woodbridge_Group_2474_Sales.pdf

A hearing on the Motion is set for Sept. 25, 2018 at 10:30 a.m.
(ET).  The objection deadline is Sept. 14, 2018 at 4:00 p.m. (ET).

                    About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a  
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion. The Chapter 11
cases are being jointly administered.

Judge Kevin J. Carey presides over the case.

Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq.,
Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey,
Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher,
LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J.
Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway
Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel.
Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as
expert consultant, Moelis & Company LLC, as investment banker.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC. Beilinson Advisory Group is
serving as independent management to the Debtors.  Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Venable LLP is the Fiduciary Committee of Unitholders' legal
counsel.

Drinker Biddle & Reath LLP is counsel to the Ad Hoc Group of
Noteholders, and Conway MacKenzie, Inc., as its financial advisor.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017.  On Jan. 23, 2018, the Court
approved a settlement providing for the formation of an ad hoc
noteholder group and an ad hoc unitholder group.


ZEKELMAN INDUSTRIES: S&P Affirms 'B+' ICR, Outlook Positive
-----------------------------------------------------------
S&P Global Ratings affirmed its 'B+' issuer credit rating on
Chicago-based Zekelman Industries Inc. The outlook is positive.

S&P said, "We also affirmed our 'BB-' issue-level rating on the
company's $925 million senior secured term loan due 2021
(approximately $907 million outstanding as of June 30, 2018) and
our 'B' issue-level rating on its $375 million second-lien senior
secured notes due 2023. The recovery ratings are '2' and '5',
respectively. The '2' recovery rating indicates our expectation of
substantial (70%-90%; rounded estimate: 70%) recovery in the event
of a payment default. The '5' recovery rating indicates our
expectation of modest (10%-30%; rounded estimate: 10%) recovery in
the event of a payment default.

"At the same time, we removed all the ratings from CreditWatch,
where we had placed them with positive implications on Sept. 7,
2018."

The ratings affirmation follows Zekelman's decision to withdraw its
planned IPO and the subsequent partial debt repayment of its senior
secured term loan due 2021. This will slow the company's
deleveraging process, but we still expect Zekelman's credit
measures to improve over the next six-12 months due to robust steel
market conditions in North America and continued strong demand in
its primary end markets of nonresidential construction and
infrastructure. This should allow Zekelman to produce relatively
stable credit measures in fiscals 2018 and 2019 (ending Sept. 30)
despite its exposure to highly volatile metals prices (specifically
hot-rolled coil, or HRC steel) and cyclical end-market demand.
Specifically, we expect adjusted debt to EBITDA of 2.5x-3.5x and
FFO to debt of 20%-25% over the next six-12 months.

S&P said, "The positive outlook reflects our view that Zekelman's
improving operating results will continue over the next 12 months,
leading to a sustainable improvement in credit measures.
Specifically, we expect that Zekelman will generate adjusted debt
to EBITDA of 2.5x-3.5x and FFO to debt of 20%-25% over the next
six-12 months due to robust steel market conditions in North
America and continued demand strength in its primary end markets of
nonresidential construction and infrastructure.

"We could raise our ratings on Zekelman over the next six-12 months
if the company maintained adjusted debt to EBITDA comfortably below
4x and FFO to debt above 20% through year-end 2018. We believe that
such a scenario would allow the company to address its capital
structure well in advance of any upcoming debt maturities.

"We could return the outlook to stable from positive if the
company's recently improved operating results reversed suddenly,
leading to adjusted debt to EBITDA above 4x or FFO to debt notably
below 20%." This could occur if U.S. steel prices fell quickly by
more than 20% leading to significant margin compression as
higher-priced inventory is sold at lower prices. Although less
likely, Zekelman could also produce weaker operating results if
demand slowed sharply in the company's key construction-related end
markets, leading to a decline of more than 30% in volumes.


[*] Mark That Calendar! Distressed Investing Conference on Nov. 26
------------------------------------------------------------------
Come and join Beard Group's Distressed Investing conference on
November 26, 2018.

Now on its 25th year, this annual gathering is the oldest and most
established New York restructuring conference.  The day-long
program will be held the Monday after Thanksgiving at The Harmonie
Club, 4 E. 60th St. in Midtown Manhattan.

Among the highlights of the Distressed Investing 2018 Conference --
https://www.distressedinvestingconference.com -- Nov. 26th in
midtown Manhattan will be an Investors' Roundtable featuring:

     * Steven L. Gidumal, Managing Partner, VIRTUS CAPITAL, LP

     * Gary E. Hindes, Managing Director, THE DELAWARE BAY
       COMPANY LLC

     * Dave Miller, Portfolio Manager, ELLIOTT MANAGEMENT CORP.

     * Richard M. Fels, Managing Director, ODEON CAPITAL
       GROUP LLC

There's a high probability that you'll want to call your broker
with a buy or sell order following this roundtable discussion.

The conference will also feature:

     * Luncheon presentation of the Harvey R. Miller Award to
       Edward I. Altman, Professor of Finance, Emeritus, New York
       University's Stern School of Business. (The award will be
       presented by last year's winner billionaire Marc Lasry,
       Altman's former student.)

     * Evening awards dinner recognizing the 12 Outstanding Young
       Restructuring Lawyers of 2018

Visit https://www.distressedinvestingconference.com/ for
registration details and information about this year's conference
agenda as well as highlights from past conferences.

This year's corporate sponsors include:

     * Conway MacKenzie
     * DSI
     * Foley & Lardner
     * Longford Capital
     * Milford
     * Pacer Monitor

Our media sponsors this year are Debtwire and Financial Times.

To learn how you can be a sponsor and participate in shaping the
day-long program, contact:

           Bernard Tolliver at bernard@beardgroup.com
                  or Tel: (240) 629-3300 x-149

To learn about media sponsorship opportunities to bring your outlet
into the view of leaders in corporate restructuring, lending and
debt and equity investments, and to expand your network of news
sources, contact:

                Jeff Baxt at jeff@beardgroup.com
                   or (240) 629-3300, ext 150

Beard Group, Inc., publishes Turnarounds & Workouts, Troubled
Company Reporter, and Troubled Company Prospector.  Visit
http://bankrupt.com/freetrial/for a free trial subscription to one
or more of Beard Group's corporate restructuring publications.



[^] BOND PRICING: For the Week from September 17 to 21, 2018
------------------------------------------------------------

  Company                    Ticker  Coupon Bid Price   Maturity
  -------                    ------  ------ ---------   --------
Acosta Inc                   ACOSTA    7.75    29.443  10/1/2022
Acosta Inc                   ACOSTA    7.75    30.984  10/1/2022
Alpha Appalachia
  Holdings LLC               ANR       3.25     2.048   8/1/2015
American Tire
  Distributors Inc           ATD      10.25    24.016   3/1/2022
American Tire
  Distributors Inc           ATD      10.25    24.593   3/1/2022
Appvion Inc                  APPPAP       9     1.125   6/1/2020
Appvion Inc                  APPPAP       9     0.854   6/1/2020
BPZ Resources Inc            BPZR       6.5     3.017   3/1/2015
BPZ Resources Inc            BPZR       6.5     3.017   3/1/2049
Bon-Ton Department
  Stores Inc/The             BONT         8        15  6/15/2021
Cenveo Corp                  CVO          6     27.75   8/1/2019
Cenveo Corp                  CVO        8.5     1.191  9/15/2022
Cenveo Corp                  CVO          6     1.263  5/15/2024
Cenveo Corp                  CVO        8.5     1.191  9/15/2022
Cenveo Corp                  CVO          6     37.25   8/1/2019
Chukchansi Economic
  Development Authority      CHUKCH    9.75    70.045  5/30/2020
Chukchansi Economic
  Development Authority      CHUKCH   10.25        70  5/30/2020
Citigroup Inc                C        2.587    99.341  9/27/2018
Claire's Stores Inc          CLE          9     64.25  3/15/2019
Claire's Stores Inc          CLE      6.125     64.75  3/15/2020
Claire's Stores Inc          CLE       7.75     6.988   6/1/2020
Claire's Stores Inc          CLE          9      60.5  3/15/2019
Claire's Stores Inc          CLE       7.75     6.988   6/1/2020
Claire's Stores Inc          CLE          9    60.464  3/15/2019
Claire's Stores Inc          CLE      6.125    62.603  3/15/2020
Community Choice
  Financial Inc              CCFI     10.75    78.327   5/1/2019
DBP Holding Corp             DBPHLD    7.75      45.5 10/15/2020
DBP Holding Corp             DBPHLD    7.75    45.148 10/15/2020
DIRECTV Holdings LLC /
  DIRECTV Financing Co Inc   DTV      5.875   102.152  10/1/2019
EXCO Resources Inc           XCOO       7.5     16.25  9/15/2018
EXCO Resources Inc           XCOO       8.5        16  4/15/2022
Egalet Corp                  EGLT       5.5    35.098   4/1/2020
Emergent Capital Inc         EMGC       8.5    80.725  2/15/2019
Energy Conversion
  Devices Inc                ENER         3     7.875  6/15/2013
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc           TXU       9.75    37.375 10/15/2019
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc           TXU      11.25    37.383  12/1/2018
Federal Home Loan Banks      FHLB         1    99.402  9/28/2018
Federal Home Loan Banks      FHLB      1.25    99.901  9/25/2018
Federal Home Loan
  Mortgage Corp              FHLMC      1.2    99.403  9/28/2018
Federal Home Loan
  Mortgage Corp              FHLMC     1.01    99.401  9/28/2018
Federal National Mortgage
  Association                FNMA      1.25    99.408  9/27/2018
Federal National Mortgage
  Association                FNMA      1.25     99.41  9/26/2018
Fleetwood Enterprises Inc    FLTW        14     3.557 12/15/2011
GenOn Energy Inc             GENONE     9.5     68.25 10/15/2018
GenOn Energy Inc             GENONE     9.5    67.934 10/15/2018
GenOn Energy Inc             GENONE     9.5    67.934 10/15/2018
Greystar Student Housing
  Growth & Income OP LP      EDR        4.6   100.918  12/1/2024
Homer City Generation LP     HOMCTY   8.137     38.75  10/1/2019
Interstate Power
  & Light Co                 LNT       7.25    99.451  10/1/2018
Las Vegas Monorail Co        LASVMC     5.5     4.037  7/15/2019
Lehman Brothers
  Holdings Inc               LEH          4     3.326  4/30/2009
Lehman Brothers
  Holdings Inc               LEH        1.5     3.326  3/29/2013
Lehman Brothers
  Holdings Inc               LEH          2     3.326   3/3/2009
Lehman Brothers
  Holdings Inc               LEH      1.383     3.326  6/15/2009
Lehman Brothers
  Holdings Inc               LEH       2.07     3.326  6/15/2009
Lehman Brothers
  Holdings Inc               LEH          5     3.326   2/7/2009
Lehman Brothers
  Holdings Inc               LEH        1.6     3.326  11/5/2011
Lehman Brothers Inc          LEH        7.5     1.226   8/1/2026
MModal Inc                   MODL     10.75     6.125  8/15/2020
Mashantucket Western
  Pequot Tribe               MASHTU    7.35      16.5   7/1/2026
Nine West Holdings Inc       JNY      6.875      18.5  3/15/2019
OMX Timber Finance
  Investments II LLC         OMX       5.54       4.9  1/29/2020
Orexigen Therapeutics Inc    OREXQ     2.75     5.125  12/1/2020
Orexigen Therapeutics Inc    OREXQ     2.75     5.125  12/1/2020
PaperWorks Industries Inc    PAPWRK     9.5    53.045  8/15/2019
PaperWorks Industries Inc    PAPWRK     9.5    53.045  8/15/2019
Pernix Therapeutics
  Holdings Inc               PTX       4.25    43.131   4/1/2021
Pernix Therapeutics
  Holdings Inc               PTX       4.25    43.131   4/1/2021
PetroQuest Energy Inc        PQUE        10        46  2/15/2021
PetroQuest Energy Inc        PQUE        10        43  2/15/2021
PetroQuest Energy Inc        PQUE        10        43  2/15/2021
Powerwave Technologies Inc   PWAV      2.75     0.133  7/15/2041
Powerwave Technologies Inc   PWAV     1.875     0.133 11/15/2024
Powerwave Technologies Inc   PWAV     1.875     0.133 11/15/2024
Prospect Capital Corp        PSEC         5   100.644  7/15/2019
Renco Metals Inc             RENCO     11.5        29   7/1/2003
Rex Energy Corp              REXX         8      27.5  10/1/2020
Rex Energy Corp              REXX     8.875    17.204  12/1/2020
Rex Energy Corp              REXX      6.25        15   8/1/2022
Rex Energy Corp              REXX         8    27.408  10/1/2020
Rolta LLC                    RLTAIN   10.75    16.234  5/16/2018
SandRidge Energy Inc         SD         7.5     0.386  2/15/2023
Sears Holdings Corp          SHLD     6.625    92.711 10/15/2018
Sears Holdings Corp          SHLD         8    38.367 12/15/2019
Sears Holdings Corp          SHLD     6.625     93.19 10/15/2018
Sears Holdings Corp          SHLD     6.625     93.19 10/15/2018
Seminole Tribe of
  Florida Inc                SEMTRI   7.804   100.121  10/1/2020
Sempra Texas Holdings Corp   TXU       5.55    11.993 11/15/2014
SiTV LLC / SiTV Finance Inc  NUVOTV  10.375    57.891   7/1/2019
SiTV LLC / SiTV Finance Inc  NUVOTV  10.375    56.425   7/1/2019
TerraVia Holdings Inc        TVIA         5     4.644  10/1/2019
TerraVia Holdings Inc        TVIA         6     4.644   2/1/2018
Tesla Energy Operations
  Inc/DE                     SCTY      2.65     89.91  11/5/2018
Toys R Us - Delaware Inc     TOY       8.75      1.01   9/1/2021
Transworld Systems Inc       TSIACQ     9.5     50.04  8/15/2021
Transworld Systems Inc       TSIACQ     9.5        26  8/15/2021
Walter Energy Inc            WLTG       8.5     0.834  4/15/2021
Walter Energy Inc            WLTG     9.875     0.834 12/15/2020
Walter Energy Inc            WLTG     9.875     0.834 12/15/2020
Walter Energy Inc            WLTG     9.875     0.834 12/15/2020
Westmoreland Coal Co         WLBA      8.75    27.395   1/1/2022
Westmoreland Coal Co         WLBA      8.75    27.315   1/1/2022
iHeartCommunications Inc     IHRT        14        13   2/1/2021
iHeartCommunications Inc     IHRT      7.25        25 10/15/2027
iHeartCommunications Inc     IHRT        14    12.677   2/1/2021
iHeartCommunications Inc     IHRT        14    12.677   2/1/2021



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2018.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

                   *** End of Transmission ***